Helius Joins Solana Treasury Trend With $500 Million Funding For New DAT Strategy
Helius Medical Technologies Inc., a Nasdaq-listed company, announced the launch of a $500 million Solana-focused Digital Asset Treasury (DAT) backed by Pantera Capital and Summer Capital. This initiative involves an oversubscribed private investment in public equity (PIPE) offering, with potential additional funding through stapled warrants.
- Key participants include Big Brain Holdings, Avenir, SinoHope, FalconX, Arrington Capital, Animoca Brands, Aspen Digital, Borderless, Laser Digital, HashKey Capital, and Republic Digital.
- The offering is expected to close on September 18, 2025.
The management team will feature Joseph Chee from Summer Capital as Director and Executive Chairman, Cosmo Jiang from Pantera as Board Observer, and Dan Morehead as Strategic Advisor. Proceeds will be used to adopt a DAT strategy, making Solana's native token, SOL, the primary treasury reserve asset.
- Plans include scaling SOL holdings over the next 12-24 months using various capital market strategies.
- Exploration of staking, lending, and other revenue-generating opportunities within the Solana ecosystem while maintaining a conservative risk profile.
Cosmo Jiang emphasized the importance of starting with a moderate size for rapid growth. The structure aims to position the company as a leading Solana DAT. Other firms like Galaxy Digital and Jump Crypto are also establishing SOL treasury companies.
Dan Morehead described Solana as a foundational blockchain for a new financial system, highlighting the potential for increased institutional and retail access to the Solana ecosystem.
