Nasdaq-listed agency Helius Medical Technologies Inc. unveiled the launch of a $500 million Solana-focused Digital Asset Treasury (DAT) backed by Pantera Capital and Summer Capital.
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Helius Reveals Solana Treasury Strategy
On Monday, Helius Medical Technologies, a neurotech firm within the medical machine subject, introduced an oversubscribed non-public funding in public fairness (PIPE) providing of widespread inventory to launch a brand new Solana treasury technique.
The providing, led by Pantera Capital and Summer Capital, is estimated to boost $500 million and an further $750 million in stapled warrants to buy shares of widespread inventory, assuming full train.
Additionally, Big Brain Holdings, Avenir, SinoHope, FalconX, Arrington Capital, Animoca Brands, Aspen Digital, Borderless, Laser Digital, HashKey Capital, and Republic Digital are additionally taking part within the providing, which is predicted to shut on September 18, 2025.
Following the closing, the corporate’s administration crew will embrace Summer Capital’s founder, Joseph Chee, as Director and Executive Chairman, Pantera’s General Partner, Cosmo Jiang, as Board Observer, and Pantera Capital’s founder, Dan Morehead, as Strategic Advisor.
According to the announcement, Helius intends to make use of the providing’s proceeds to implement a DAT technique and buy Solana’s native token, SOL, to make it the corporate’s major treasury reserve asset.
Notably, the corporate expects to construct an preliminary SOL place, with plans to considerably scale holdings over the following 12–24 months via a best-in-class capital markets program, incorporating ATM gross sales and different confirmed methods.
Additionally, it can consider staking, lending, and different alternatives all through the ecosystem to generate income from the SOL Treasury, whereas sustaining a conservative threat profile, the corporate defined.
Institutions Push SOL Adoption
Cosmo Jiang instructed information media outlet Fortune he believes there can solely be a handful of profitable public corporations devoted to only one cryptocurrency, affirming that “simply as a lot as it’s about scale, it’s about velocity.”
“We’d a lot moderately begin with a average dimension in order that we are able to actually exit to market and develop in a short time, moderately than begin too large after which have a tougher time rising on a proportion foundation,” he stated.
He affirmed that the deal construction for this Solana treasury firm positions it to be aggressive: “We imagine we’ve got the best setup to be the main, if not, not less than one of many two or three, however actually the main, Solana DAT.”
It’s price noting that not too long ago, Galaxy Digital, Jump Crypto, and Multicoin Capital introduced their plan to ascertain Forward Industries, a SOL treasury firm, to buy the cryptocurrency, stake it, and generate extra returns. The firm efficiently closed its PIPE financing on September 11, securing gross proceeds of roughly $1.65 billion.
In the press launch, he additionally highlighted that “there’s a actual alternative to drive the flywheel of making shareholder worth that Michael Saylor has pioneered with Strategy (…) by accelerating Solana adoption.”
Meanwhile, Dan Morehead affirmed that Solana is a “category-defining blockchain and the muse on which a brand new monetary system might be constructed,” including that “a productive treasury firm, backing the business’s most inexpensive, quickest, and most accessible community, stands to considerably improve institutional and retail entry to the Solana ecosystem and assist gasoline its adoption all over the world.”
Featured Image from Unsplash.com, Chart from TradingView.com
