Solana Company partners with Helius and Twinstake for staking services
Solana Company, trading under HSDT on Nasdaq, will tap Helius and Twinstake for SOL staking services.
- Solana Company (HSDT) has announced upgrading its staking stack
- The treasury firm will partner with Helius and Twinstake to boost its earnings
- It will stake its SOL directly from its custody at the Anchorage Digital Bank
SOL treasury firm, the Solana Company, is upgrading its staking infrastructure. On Thursday, October 23, the Nasdaq-listed firm, trading under the ticker HSDT, announced a partnership with Helius and Twinstake for non-custodial staking.
The partnership will enable the Solana Company to stake its SOL (SOL) directly from custody at the Anchorage Digital Bank. According to Joseph Chee, Executive Chairman of the Solana Company and Chairman of Summer Capital, this is an important step in the company’s treasury strategy.
Solana Company taps top validator Helius
Helius is the largest Solana validator, with over 14 million SOL staked, representing 3.44% of the total staked supply. On the other hand, Twinstake ranks 12th, with 5.6 million in staked SOL at 1.37% of staked supply.
Following this announcement, the company’s stock went up 9.76% to $6.84 per share, reaching a market cap of $276 million. The firm currently holds 2,2 million SOL, worth $421 million.
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