Helius Medical Technologies announced on Monday that it had obtained $ 500 million thanks to a private investment in Shakescript in public equity (PIP) led by Pantera Capital to build a Solana Treasury focused on soil acquisition.
The offer includes an additional $ 750 million of stapled mandates, which potentially brought Solana Treasury’s total capital to $ 1.25 billion, according to the company’s press release.
Beyond Pantera Capital, Summer Capital joined the Round as one of the first approved fund managers in Asia to invest in Crypto.
The range of investors included a robust group including Big Brain Holdings, Future, Sinohope, Falconx, Arrington Capital, Animoca Brands, Aspen Digital, Borderless, Digital Laser, Hashkey Capital and Digital Republic.
Helius medical targets 7% soil gives zero yields of bitcoin
The Sol Treasury strategy will be guided by the director and executive president Joseph Chee (founder and president of Summer Capital and former head of the investment bank, Asia at UBS).
The strategy will also be guided by the observer of the board of directors Cosmo Jiang (general partner at Pantera Capital) and the advisor Dan Morehead (founder and partner director of Pantera Capital).
The leaders of Helius historically noted Solana’s position as the fastest growth blockchain, leading the industry in transactions income while dealing with more than 3,500 transactions per second.
Managers also emphasized soil financial productivity thanks to design, offering a native return of around 7% native, which contrasts with non -compatible assets such as Bitcoin.
The company plans to capitalize on the native architecture of yields and Solana capture opportunities in a larger activity on the chain.
“We believe that Solana is a blockchain defining the category and the foundation on which a new financial system will be built,” said Dan Morehead, founder and partner of Pantera Capital.
After the announcement, Helius Stock (HSDT) jumped more than 159%, going from the fence of $ 7.91 from Friday to $ 45.51 before settling at $ 19.63 at the time of the press, based on Yahoo Finance data.
This model has become familiar among the companies listed at the NASDAQ announcing cash initiatives of digital assets.
Bitmine’s equity rate increased from $ 4.26 to $ 26.06, an intraday increase of 511.02%, when the company announced its Crypto -ordered cash strategy in June.
The treasure treasure of Solana
The market seems to be entering the “Solana season”, similar to that of Ethereum has attracted companies like Sharplink Gaming and Bitmin to launch treasury bills that later accumulated billions of dollars in ether.
The current companies of Solana Treasury, including Defi Development Corp., Upexi and Sol strategies, already deploy hundreds of millions of dollars to accumulate soil.
Upexi Inc., a consumer product company, which has become Solana’s treasure center, now has more than 2 million soils worth $ 447 million, with $ 142 million in unrealized gains and daily awards of around $ 105,000.
The firm also recently appointed the former CEO of Bitmex, Arthur Hayes, to its advisory council.
Coingecko data reveal that about eight Solana cash companies have been created, collectively accumulating more than $ 1.5 billion in Solana, which is equivalent to more than 1% of the entire soil offer.
Recently, Forward Industries, a new Solana cash company, announced a purchase of 6.82 million soil at an average price of $ 232, totaling approximately $ 1.58 billion.
Mert Mumtaz, CEO of the infrastructure supplier based in Solana, Helius, recently shared that cash companies focused on Solana have collected between 3 billion and $ 4 billion to date, and more to follow.
Unlike Bitcoin and Michael Saylor’s Treasury Company Company Microstrategy (MSTR), a large percentage of capital raised by Solana treasury companies will be deployed in SOL DEFI, potentially increasing the value of the soil token and the overall growth of ecosystems.
Solana is currently negotiating at $ 233.82, with more than $ 13 billion in total locked value (TVL) through its Defi ecosystem, just behind Ethereum.
The world investment company Vaneck maintains a upward perspective in Solana, the soil forecast could reach $ 520 before the end of the year.
Chinese in-depth AI recently planned that soil could possibly target $ 1,000 by the end of 2026, well above its preceding $ 295 summit.
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