Solana Company Raises $15 Million at About 5% Premium

Solana Company completed a $15 million stock-and-warrant financing at about a 5% premium to net asset value, giving the listed treasury company funds for Solana purchases or share repurchases.

The company, which ranks among the largest listed Solana treasury firms, plans to decide between adding to its Solana (SOL) holdings and buying back its own shares.

Solana Company holds about 2.3 million SOL, with the position valued at approximately $273.5 million. The financing increases the company’s available capital for managing its Solana-focused treasury strategy.