Helius Buys 760K SOL Worth $175M, Eyes $335M Solana Treasury
Helius Medical invests $175M in Solana, acquiring 760,190 SOL and planning further $335M purchases to build a long-term Solana-focused...
Quick overview
- Helius Medical Technologies has purchased 760,190 Solana tokens for approximately $175 million, marking its largest investment in digital assets.
- The company plans to build a dedicated Solana treasury while maintaining $335 million in cash reserves for potential further investments.
- This move reflects Helius's commitment to long-term holding of Solana and aligns with its strategy to enhance shareholder value through blockchain adoption.
- By investing in Solana, Helius joins a growing number of companies diversifying their balance sheets with digital assets, indicating increasing institutional trust in the platform.
Helius Medical Technologies (NASDAQ: HSDT) has made its biggest move into digital assets to date, buying 760,190 Solana (SOL) tokens at an average price of $231 per token, or about $175 million. This is the company’s first step in building a dedicated Solana treasury.
The company still has $335 million in cash reserves to buy more Solana. By allocating so much capital, Helius is signaling it will be a long term institutional holder of the token.
This puts the medical technology company in a growing list of companies diversifying their balance sheets with digital assets and showing confidence in Solana’s yield generating design and growing ecosystem.
Solana Ecosystem
Helius framed the investment as more than a financial hedge. According to the company, prioritizing Solana is a strategy to support tokenized networks and maximize shareholder value.
Joseph Chee, Executive Chairman of Helius Medical, said: “It’s been great to see support from multiple stakeholders across the Solana ecosystem, including staking providers, DeFi protocols and others. We take our responsibility to maximize shareholder value seriously and are ready to execute on our plan.”
Key points of the strategy:
- Build a Solana treasury alongside cash reserves
- Support ecosystem growth through long term staking and holding
- Align shareholder value with blockchain adoption trends
This is a sign of growing institutional trust in Solana, which is gaining traction for its scalability and as a leading smart contract platform.
Blockchain in Corporate Finance
By building a Solana treasury, Helius is joining companies that are experimenting with blockchain at the balance sheet level. This is similar to what other companies did when they added Bitcoin to their reserves but is a step beyond dollar denominated assets.
The strategy also shows how blockchain exposure is evolving from speculative investment to structured corporate finance. With Solana’s growing DeFi, NFT and payment use cases, Helius is a medical technology innovator and a digital asset infrastructure participant.
If they buy more, their total Solana exposure could be over $500 million, one of the largest corporate commitments to the network to date.
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