Helius Medical Raises $500M Backed by Pantera Capital to Launch a $1.25B Solana Treasury
Helius Medical Technologies introduced Monday that it secured $500 million by an oversubscribed non-public funding in public fairness (PIPE) providing led by Pantera Capital to construct a Solana treasury centered on buying SOL.
The providing consists of an extra $750 million in stapled warrants, doubtlessly bringing the overall Solana treasury capital to $1.25 billion, in accordance to the company’s press release.
Beyond Pantera Capital, Summer Capital joined the spherical as one in all Asia’s earliest licensed fund managers to put money into crypto.
The investor lineup featured a strong group together with Big Brain Holdings, Avenir, SinoHope, FalconX, Arrington Capital, Animoca Brands, Aspen Digital, Borderless, Laser Digital, HashKey Capital, and Republic Digital.
Helius Medical Targets 7% SOL Yields Over Bitcoin’s Zero Returns
The SOL treasury technique will probably be guided by Director and Executive Chairman Joseph Chee (founder and chairman of Summer Capital and former head of funding banking, Asia at UBS).
The technique can even be guided by Board Observer Cosmo Jiang (basic associate at Pantera Capital) and adviser Dan Morehead (founder and managing associate of Pantera Capital).
Helius executives famous Solana’s place because the fastest-growing blockchain traditionally, main the business in transaction income whereas processing over 3,500 transactions per second.
The executives additionally emphasised SOL’s monetary productiveness by design, providing a roughly 7% native staking yield, which contrasts with non-yield-bearing property like Bitcoin.
The firm plans to capitalize on Solana’s native yield-generating architecture and seize alternatives in DeFi and broader on-chain exercise.
“We imagine that Solana is a category-defining blockchain and the inspiration on which a new monetary system will probably be constructed,” mentioned Dan Morehead, founder and managing associate of Pantera Capital.
Following the announcement, Helius inventory (HSDT) surged over 159%, leaping from Friday’s shut of $7.91 to $45.51 earlier than settling at $19.63 at press time, primarily based on Yahoo Finance data.
This sample has turn out to be acquainted amongst Nasdaq-listed corporations asserting digital asset treasury initiatives.
BitMine’s inventory value jumped from $4.26 to $26.06, a 511.02% intraday improve, when the corporate introduced its crypto-focused treasury technique in June.
The Solana Treasury Trend
The market seems to be coming into “Solana season,” comparable to when Ethereum attracted corporations like Sharplink Gaming and BitMine to launch ETH treasuries that later accrued billions of {dollars} in Ether.
Current Solana treasury corporations, together with DeFi Development Corp., Upexi, and Sol Strategies, are already deploying a whole lot of tens of millions of {dollars} to accumulate SOL.
Upexi Inc., a shopper merchandise agency turned Solana treasury powerhouse, now holds over 2 million SOL valued at $447 million, with $142 million in unrealized good points and day by day staking rewards of roughly $105,000.
The agency additionally just lately appointed former BitMEX CEO Arthur Hayes to its advisory board.
CoinGecko data reveals that roughly eight Solana treasury corporations have been established, collectively accumulating greater than $1.5 billion value of Solana, equal to over 1% of your entire SOL provide.
Recently, Forward Industries, a newly established Solana treasury firm, announced a purchase of 6.82 million SOL at a median value of $232, totaling roughly $1.58 billion.
Mert Mumtaz, CEO of Solana-based infrastructure supplier Helius, recently shared that Solana-focused treasury corporations have raised between $3 billion and $4 billion to date, with extra anticipated to comply with.
Unlike Bitcoin and Michael Saylor’s treasury firm MicroStrategy (MSTR), a giant share of capital raised by Solana treasury corporations will probably be deployed into SOL DeFi, doubtlessly rising the SOL token’s worth and general ecosystem progress.
Solana at present trades at $233.82, boasting over $13 billion in total value locked (TVL) throughout its DeFi ecosystem, second solely to Ethereum.
Global funding agency VanEck maintains a bullish outlook on Solana, predicting SOL might attain $520 earlier than year-end.
China’s DeepSeek AI just lately projected that SOL could eventually target $1,000 by late 2026, properly above its earlier $295 all-time high.
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