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VisionSys AI Stock Crashes 57% on $2B Solana Treasury Bet – Recovery Ahead?

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VisionSys AI noticed its shares plunge greater than 57% on Wednesday after the corporate unveiled an bold plan to launch a $2 billion Solana (SOL) treasury program in partnership with staking supplier Marinade Finance.

The AI-powered healthcare and biotech options agency stated its subsidiary, Medintel Technology, signed an unique partnership with Marinade to construct one of many largest digital foreign money reserves amongst publicly traded corporations.

The initiative, which begins with a $500 million acquisition and staking of SOL over the following six months, is meant to bolster VisionSys’s steadiness sheet, improve liquidity, and ship long-term shareholder worth.

Marinade Finance to Manage VisionSys’s Staking in $2B Solana Treasury Push

Marinade Finance, Solana’s main staking protocol, will handle the staking operations, guaranteeing compliance and efficiency optimization. The firm has beforehand supported greater than 154,000 SOL holders and undergone a number of safety audits, giving VisionSys entry to a well-established platform.

Chief Executive Officer Heng Wang described the transfer as a transformational step for the corporate, combining VisionSys’s proprietary AI algorithms with Solana’s high-performance blockchain.

“It positions VisionSys as a pioneer of AI-driven blockchain treasury administration,” Wang stated within the announcement. “By leveraging Marinade’s experience, we’re constructing a basis for the long run, exploring next-generation clever DeFi options and tokenomics fashions.”

If profitable, VisionSys’s treasury would rank among the 5 largest publicly traded Solana reserves, trailing Forward Industries, which at present holds $1.5 billion in SOL.

Despite the announcement, traders reacted sharply. VSA shares closed at $2.05, down 40% on the day, after hitting an intraday low of $1.26.

The selloff erased a lot of the corporate’s current momentum, although the inventory stays up greater than 200% year-to-date. VisionSys’s market capitalization now stands at roughly $34.2 million.

In distinction, Marinade’s governance token, MNDE, edged increased, gaining 2.3% to commerce round $0.13, in response to CoinGecko knowledge.

The firm didn’t present particulars on how it might finance the primary $500 million section of the treasury build-out, a degree that analysts say may decide the feasibility of this system.

The agency’s longer-term aim is to scale the treasury to $2 billion, a goal that might place VisionSys alongside main company gamers within the digital asset sector.

Nine Corporations Now Control 2.47% of Solana, Worth $2.9B

A wave of company strikes is inserting Solana on the heart of digital asset treasury methods, with a number of companies saying main financings and adoption plans in September.

On September 15, Helius Medical Technologies revealed a $500 million private investment in public equity, led by Pantera Capital, to ascertain a Solana treasury. The deal, paired with $750 million in stapled warrants, may broaden its battle chest to $1.25 billion. Investors included Animoca Brands, Arrington Capital, HashKey Capital, and Republic Digital.

Days later, Brera Holdings said it raised $300 million in a private placement to launch Solmate, a Solana-focused infrastructure and treasury arm. Backers included ARK Invest, the Solana Foundation, and UAE traders. The firm plans twin listings on Nasdaq and the UAE trade.

Forward Industries has taken the technique additional. On September 11, it closed a $1.65 billion financing led by Galaxy Digital, Jump Crypto, and Multicoin Capital, buying 6.8 million SOL.

The agency has additionally filed plans for a $4 billion equity program and has introduced a partnership with Superstate to tokenize its stock on Solana, making FORD shares tradable on-chain.

Other companies are additionally becoming a member of in. DeFi Development Corp has expanded its buyback program to $100 million whereas persevering with to develop its Solana holdings, now valued close to $500 million.

Meanwhile, Nasdaq-listed Upexi appointed Solana investor SOL Big Brain as an advisor, strengthening its place because the third-largest public Solana treasury with $421 million in holdings.

According to CoinGecko’s Solana treasury reserve data, 9 entities now maintain 2.47% of Solana, valued at $2.9 billion.

Together, these strikes present Solana’s rising position as a reserve asset for public corporations and establishments, positioning it on the forefront of efforts to combine digital property into mainstream company finance.

The submit VisionSys AI Stock Crashes 57% on $2B Solana Treasury Bet – Recovery Ahead? appeared first on Cryptonews.

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