Nasdaq-listed agency Helius Medical Applied sciences Inc. unveiled the launch of a $500 million Solana-focused Digital Asset Treasury (DAT) backed by Pantera Capital and Summer time Capital.
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Helius Reveals Solana Treasury Technique
On Monday, Helius Medical Applied sciences, a neurotech firm within the medical gadget subject, introduced an oversubscribed personal 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 time Capital, is estimated to boost $500 million and an extra $750 million in stapled warrants to buy shares of widespread inventory, assuming full train.
Moreover, Massive Mind Holdings, Avenir, SinoHope, FalconX, Arrington Capital, Animoca Manufacturers, 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 staff will embody Summer time Capital’s founder, Joseph Chee, as Director and Government Chairman, Pantera’s Basic Companion, Cosmo Jiang, as Board Observer, and Pantera Capital’s founder, Dan Morehead, as Strategic Advisor.
Based on 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 main 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 by way of a best-in-class capital markets program, incorporating ATM gross sales and different confirmed methods.
Moreover, it’s going to 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.
Establishments 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 fairly begin with a reasonable measurement in order that we will actually exit to market and develop in a short time, fairly than begin too massive after which have a tougher 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 we’ve got the fitting setup to be the main, if not, at the very least one of many two or three, however definitely the main, Solana DAT.”
It’s price noting that just lately, Galaxy Digital, Soar Crypto, and Multicoin Capital introduced their plan to determine Ahead Industries, a SOL treasury firm, to buy the cryptocurrency, stake it, and generate extra returns. The corporate efficiently closed its PIPE financing on September 11, securing gross proceeds of roughly $1.65 billion.
Within 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 Technique (…) by accelerating Solana adoption.”
In the meantime, Dan Morehead affirmed that Solana is a “category-defining blockchain and the inspiration on which a brand new monetary system might be constructed,” including that “a productive treasury firm, backing the business’s most reasonably priced, quickest, and most accessible community, stands to considerably enhance institutional and retail entry to the Solana ecosystem and assist gas its adoption world wide.”
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