The stock of Solana Company (HSDT) surged 17% after launching a new lending model for institutions. The model allows firms to borrow against their staked Solana (SOL) tokens without selling them, accessing liquidity while still earning staking rewards. This move highlights a broader corporate shift toward yield-focused treasury strategies amid a declining SOL price.
The stock of Solana Company increased 17% on Friday after it launched a new lending model for institutions. This on-chain model allows institutional lenders to borrow against their staked SOL holdings without selling the tokens.
These tokens must be held in a regulated custodial service, such as Anchorage Digital, as collateral for loans while continuing to earn staking rewards. The announcement comes as the SOL price has fallen significantly since 2024, putting pressure on corporate crypto balance sheets.
Solana Company’s shares rebounded to approximately $2.21 per share after reaching an all-time low earlier this week, per data from TradingView. The company is the second largest publicly-traded holder of SOL, holding nearly 2.3 million tokens worth approximately $200 million.
Increasingly, publicly-traded crypto treasury firms are utilizing staking income and collateral-based credit to replace speculative token exposure. Other Solana treasury companies are starting to pivot toward generating yield as a key revenue stream.
For instance, SOL Strategies launched a liquid staking token backed by over 500,000 SOL. Sharps Technology stated it earned a 7% annualized yield from staking its SOL.
Furthermore, Upexi stated that staking income accounts for more than half of its revenue. This trend demonstrates how staking rewards are becoming a primary source of cash flow for institutional crypto treasuries.
With this product, institutional lenders borrowing using staked SOL may avoid having to unstake during market downturns. Utilizing regulated custody with DeFi lending infrastructure helps corporate treasuries overcome regulatory hurdles for on-chain liquidity.
