Helius Medical Technologies (Hsdt) Announced Monday that it raises more than $ 500 million in a private financing round to create a Solana-focused Treasury Company.
The vehicle will keep sun, the native token of Solana Blockchain, as its reserve asset and aims to expand to more than $ 1.25 billion via stock options tied to the deal, the press release said.
The financing was led by Pantera Capital and Summer Capital with the participation of investors, including Animoca brands, Falconx and Hashkey Capital.
The company’s shares rose over 200% over $ 24 in trading before the market after the announcement. Solana was down by 4% over the last 24 hours.
The company joins the latest wave of new digital asset chains or dats where public companies are about raising funds and buying cryptocurrencies like Bitcoin ether (Eth) or sun.
Helius is ready to compete with the newly launched forward -looking industries (Ford) With a war box of $ 1.65 billion supported by Galaxy Digital and others. This company confirmed Monday, which has already purchased 6.8 million tokens for approx. 1.58 billion dollars last week.
Helius’ plan is to use Solana’s dividend -bearing design to generate income on the stocks, which earns stack wages of about 7% as well as implementation of tokens in decentralized financing (Defi) And lending options. The incoming executive chairman Joseph Chee, founder of Summer Capital and a former UBS banker, will lead the company’s digital asset strategy together with Panttera’s Cosmo Jiang and Dan Morehead.
“As a pioneer within the digital asset tax sum, after participating in the formation of the strategy at 21 capital (CEP) With Tether, Softbank and Cantor, Bitmine (BMNR) with Tom Lee and Mozayyx as well as Otto (Octo) With Dan Ives and Sam Altman, we have built the expertise to create the prominent Solana Treasury vehicle, “Cosmo Jiang, general partner in Pantera Capital, said in a statement.
“There is a real opportunity to drive the flywheel to create shareholder value that Michael Saylor has been pioneering strategy by speeding up the Solana adoption,” he added.
Read more: Solana waves when Galaxy Scoops up over $ 700 million. Tokens from exchanges
