<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0609</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2026-03-31</periodOfReport>

    <dateOfOriginalSubmission>2026-04-02</dateOfOriginalSubmission>

    <issuer>
        <issuerCik>0001610853</issuerCik>
        <issuerName>Solana Co</issuerName>
        <issuerTradingSymbol>HSDT</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001075380</rptOwnerCik>
            <rptOwnerName>STRAW EDWARD M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>false</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>C/O SOLANA COMPANY</rptOwnerStreet1>
            <rptOwnerStreet2>1650 MARKET STREET</rptOwnerStreet2>
            <rptOwnerCity>PHILADELPHA</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19103</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2026-03-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2180</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2182</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Grant to the Reporting Person of restricted stock units (&quot;RSUs&quot;) under the Issuer's 2022 Equity Incentive Plan. 75% of the RSUs vested on March 31, 2026, and the remaining 25% of RSUs will vest on June 30, 2026, subject to the Reporting Person's continued service through such vesting period.</footnote>
        <footnote id="F2">The Issuer implemented three reverse stock splits.  Effective August 16, 2023, the Issuer effected a 1-for-50 reverse stock split for the Issuer's Class A common stock, effective May 2, 2025, the Issuer effected a second 1-for-15 reverse stock split of the Issuer's Class A common stock and effective July 1, 2025, the Issuer effected a third 1-for-50 reverse stock split of the Issuer's Class A common stock. The number of securities reported herein have been adjusted to reflect the reverse stock split.  The initial Form 4 did not account for the reverse stock splits.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Agustina Gani Tjandrasuwita, Attorney-in-Fact</signatureName>
        <signatureDate>2026-05-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
