Summary
- Nasdaq-listed Solana Company said it added about 100,000 to its Solana (SOL) holdings in October, bringing the total to over 2,300,000.
- The company said it is recording about a 7% staking yield, exceeding the average of the top 10 validators.
- However, the HSDT stock price has fallen more than 50% compared to early October, recently standing at about $6.75.
Nasdaq-listed Solana Company (ticker: HSDT) has further increased its Solana (SOL) holdings in October.
On the 30th (local time), The Block reported that the firm purchased about 100,000 SOL (approximately $20 million) this month, bringing its total holdings to over 2,300,000.
The company is recording an average staking yield of about 7%, outperforming the average of the top 10 validators (6.7%).
However, the stock price is weak. According to Google Finance, HSDT's stock exceeded $14 in early October but has recently fallen to around $6.75, dropping more than 50% in a month.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
