Helius Raises $500M for Solana Treasury, Stock Soars 200%

Helius Medical Technologies announced a private financing round exceeding $500 million to establish a Solana-focused treasury company. The initiative aims to grow to over $1.25 billion via stock warrants.

The financing is led by Pantera Capital and Summer Capital, with participation from Animoca Brands, FalconX, and HashKey Capital.
Shares of Helius surged over 200% in pre-market trading after the announcement, while Solana's price decreased by 4% in the last 24 hours.
Helius plans to leverage Solana’s yield-bearing design for income generation through staking rewards (around 7%) and DeFi opportunities.
The firm will compete with Forward Industries, which has a $1.65 billion treasury backed by Galaxy Digital, having recently acquired 6.8 million SOL tokens for about $1.58 billion.
Joseph Chee, founder of Summer Capital, will lead Helius' digital asset strategy alongside Pantera’s Cosmo Jiang and Dan Morehead.

Cosmo Jiang of Pantera Capital highlighted their expertise in creating Solana treasury vehicles, aiming to enhance shareholder value and accelerate Solana adoption.