Pennsylvania-based Helius Medical has taken a major step into digital assets with the launch of a $500 million treasury plan centered on Solana. The company disclosed its first purchase of 760,190 SOL at an average price of $231 per token, worth around $164 million at current market value. More than $335 million in cash remains earmarked for additional acquisitions.
The strategy, backed by Pantera Capital and Summer Capital, aims to expand Solana holdings steadily over 12–24 months, while cautiously exploring staking and DeFi opportunities. Cosmo Jiang of Pantera called the accumulation plan “efficient,” noting the purchase occurred below recent market prices.
Helius shares, which had surged over 200% earlier in September after announcing the treasury plan, dropped 14% following the latest disclosure. Even so, the company retains a market capitalization of about $800 million and continues to pursue its goal of building Solana into the core of its digital asset reserves.
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