Helius Medical Technologies has joined an exclusive club. Its acquisition of 760,190 soil, worth $ 167 million, places the company supported by Pantera among the largest holders of the assets of the public company, signaling its aggressive change in the treasury strategy.
Summary
- Helius Medical has acquired 760,190 soil worth $ 167 million, making it one of the largest public holders in the token.
- The purchase follows an increase of $ 500 million led by Pantera and Summer Capital, with plans to develop assets and explore the clears.
According to a press release dated September 22, Neurotech launched its digital asset cash strategy with the purchase of more than 760,190 Solana (ground) at an average cost of $ 231 per token.
This decision, guided by Cosmo Jiang de Pantera Capital, which serves as an observer from the board of directors, effectively redeploys a significant part of the capital from a recent increase of $ 500 million. In particular, Helius retains a substantial war box of more than $ 335 million in cash, potentially assigned to other soil purchases.
“We are delighted to embark on our soil accumulation plan effectively. The initial accumulation at a lower cost than recent market prices, while retaining the vast majority of its increased capital for more opportunistic purchases, shows the way the laser has concentrated the value of the team,” said Jiang.
From Neurotech to Solana Treasury Company
Helius described for the first time its digital asset cash strategy earlier this month when he raised $ 500 million in an agreement led by Pantera Capital and Summer Capital. This increase preceded a 250% increase in HSDT shares on September 12, a sign that investors considered the pivot as more than a passing experience.
The announcement of September 22 confirms that Solana will anchor the company’s treasure approach, with plans to develop the position over the next 12 to 24 months while exploring opportunities and defines opportunities under what the company describes as a conservative risk framework.
Helius now occupies a notable position in a quickly emerging cohort of public companies betting on Solana. The Coingecko data follows nine entities with a combined soil of 13.4 million, worth around 2.95 billion dollars.
Although the participation of $ 167 million Helius is important, it places the company behind the current leader, Forward Industries, which contains 6.8 million soils. The other main holders include Development Corp. (2.09 million soil), Upexi (2.01 million soil) and the technology of sharp objects (2 million soil), illustrating a clear trend in the capital of companies flowing in the network.
Helius (HSDT) slipped 18% after the September 22 announcement.
