VisionSys AI Launches $2B Solana Treasury Strategy with Marinade
VisionSys AI, a Beijing-based firm focused on brain-machine interfaces and AI, announced a $2 billion Solana (SOL) treasury strategy.
The initiative will start with acquiring and staking $500 million in SOL within six months, managed by VisionSys subsidiary Medintel Technology.
Collaborating with Marinade, a major staking operator on Solana, the plan aims to manage and generate yield on holdings.
VisionSys AI's stock dropped 20% premarket after the announcement but has risen over 300% since April.
Hakob Sirounian, an early Solana backer, was appointed as the chief strategy officer to lead blockchain initiatives.
SOL experienced a 6% increase, reaching $219 amidst a positive crypto market rally.
The trend of public firms holding cryptocurrencies like BTC, ETH, and SOL on their balance sheets is growing, with companies seeking income through DeFi strategies.
Other firms such as Forward Industries, Defi Development, and Upexi collectively hold over $3 billion in SOL.
