Solana Company (NASDAQ: HSDT) initiated a resale registration after raising $500 million from Pantera Capital and Summer Capital. This move enables early investors to sell shares linked to their Solana treasury, illustrating the company’s confidence despite market volatility.
Following the resale announcement, HSDT shares fell over 20%. Leadership, including Executive Chairman Joseph Chee, emphasized that this approach reflects trust and a long-term vision, highlighting their strategy of accumulating Sol for their digital asset treasury.
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