Solana Financial Company HSDT has completed a $15 million stock issuance plan and will increase its holdings of SOL or repurchase shares

According to The Block, Solana Treasury Company HSDT announced the completion of a $15 million stock issuance plan, with an issuance price at a 5% premium to the company's net asset value (NAV), accompanied by warrants.

The company is currently the fourth largest publicly listed Solana reserve company, holding approximately 2.3 million SOL, valued at about $273.5 million. The funds raised from this financing will be used for further purchases of SOL or to repurchase the company's stock.