Helius Joins Solana Treasury Trend With $500 Million Funding For New DAT Strategy

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.

Helius Reveals Solana Treasury Strategy

On Monday, Helius Medical Technologies, a neurotech firm within the medical system discipline, announced an oversubscribed personal funding in public fairness (PIPE) providing of frequent inventory to launch a brand new Solana treasury technique.

The providing, led by Pantera Capital and Summer Capital, is estimated to lift $500 million and an additional $750 million in stapled warrants to buy shares of frequent 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 group will embody 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 strategy 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 subsequent 12–24 months by a best-in-class capital markets program, incorporating ATM gross sales and different confirmed methods.

Additionally, it should 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 told information media outlet Fortune he believes there can solely be a handful of profitable public firms devoted to only one cryptocurrency, affirming that “simply as a lot as it’s about scale, it’s about velocity.”

“We’d a lot somewhat begin with a average measurement in order that we will actually exit to market and develop in a short time, somewhat than begin too huge after which have a more durable time rising on a share foundation,” he mentioned.

He affirmed that the deal construction for this Solana treasury firm positions it to be aggressive: “We consider now we have the suitable setup to be the main, if not, at the least one of many two or three, however definitely the main, Solana DAT.”

It’s price noting that just lately, Galaxy Digital, Jump Crypto, and Multicoin Capital introduced their plan to determine Forward Industries, a SOL treasury firm, to buy the cryptocurrency, stake it, and generate extra returns. The firm successfully 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 inspiration on which a brand new monetary system will likely be constructed,” including that “a productive treasury firm, backing the trade’s most inexpensive, quickest, and most accessible community, stands to considerably improve institutional and retail entry to the Solana ecosystem and assist gas its adoption around the globe.”