Helius Medical Technologies (HSDT) has proclaimed plans to raise over $500 million aimed at establishing a Solana-focused treasury company. The initiative, spearheaded by Pantera Capital and Summer Capital, plans to reserve Solana’s SOL token and is projected to expand to over $1.25 billion through stock warrants associated with this funding.
Key Highlights:
- Helius targets accumulating Solana’s SOL, directly challenging Forward Industries in the growing digital asset treasury space.
- Following the announcement, HSDT shares surged over 200% in pre-market trading.
- This treasury aims to earn income by means of staking and decentralized finance ventures.
Investors include notable entities such as Animoca Brands, FalconX, and HashKey Capital. Notably, Helius will pursue a strategy that leverages Solana’s staking advantages, estimating potential rewards around 7% through various decentralized finance applications.
Cosmo Jiang, a leading figure at Pantera Capital, emphasized the unique opportunity to set a definitive Solana treasury pathway, hoping to replicate successes from their previous strategies within the digital asset arena.
Quote:
“As a pioneer in the digital asset treasury space… we have built the expertise to set up the pre-eminent Solana treasury vehicle,” said Cosmo Jiang. (Translation: Cosmo Jiang expresses confidence in their capability and experience to create a leading Solana treasury vehicle.)
