Asset appreciation income: The price fluctuations of SOL tokens directly affect asset value. During the period when Bitcoin's price surpassed $112,000 in 2025, the price of SOL also rose, resulting in an increase of over 80% in the value of SOL held by the company compared to the beginning of the year. Staking rewards: By independently operating verification nodes, staking SOL earns on-chain rewards. In the first quarter of 2025, staking rewards reached 12,800 SOL, worth approximately 1.75 million USD at the current market price. Financing leverage effect: Financing the purchase of SOL through convertible notes, utilizing the market's long-term optimistic sentiment towards Solana to achieve capital appreciation. For example, the SOL purchased with the first $20 million financing in April 2025 appreciated by approximately 35% within two months.

Institutional Investment Channel: As the first publicly listed company in North America focused on Solana, it provides compliant investment channels for traditional institutions. It is estimated that its stock HODL has attracted over $120 million in institutional capital inflow, indirectly promoting the development of the Solana ecosystem. Price discovery mechanism: The company regularly discloses changes in SOL reserves, and its accumulation behavior often triggers market follow-up. For example, after the financing announcement on April 23, 2025, the price of SOL increased by 4.1% on that day. Technological Empowerment of Traditional Finance: By providing infrastructure support for the Solana network through validator nodes and staking tools, it enhances its level of decentralization and security. The company-hosted validator nodes handle 1.2% of the transaction volume on the Solana network.

Solana (SOL): The company is one of the largest institutional investors in the Solana ecosystem, and its accumulation behavior directly affects market demand. In the second quarter of 2025, its purchase volume accounted for 0.12% of the total global corporate purchases of SOL, and it reinvested through staking rewards to create a positive cycle. Indirect impact on Bitcoin (BTC): As a benchmark for traditional financial institutions entering the cryptocurrency space, its successful model may encourage more companies to follow suit, indirectly increasing market attention on mainstream coins. For example, after the approval of the REX-Osprey SOL+Staking ETF in June 2025, the inflow of funds into Bitcoin spot ETFs increased by 18% month-on-month.