Forward Industries and Helius Medical Technologies announced substantial investments in Solana tokens, highlighting the growing interest in digital assets.
Forward Industries' Investment in Solana
Forward Industries, listed on Nasdaq, announced the purchase of 6,822,000 Solana (SOL) tokens at an average price of $232, spending approximately $1.58 billion.
The company stated that the tokens were acquired through a mix of open-market and on-chain transactions, and that all holdings have been staked.
Forward described the move as part of its strategy to build the world’s largest Solana treasury company.
Helius Medical Technologies Raises $1.25 Billion
On the same day, Helius Medical Technologies, a neurotechnology company, announced it is raising up to $1.25 billion in a private share sale to accumulate Solana.
The deal includes $500 million in upfront capital and $750 million in warrants to support future purchases of SOL. The fundraising was led by Pantera Capital and Summer Capital, with participation from FalconX, Animoca Brands, and Laser Digital, the crypto unit of Nomura.
As part of the transaction, Joseph Chee of Summer Capital will become chairman of Helius’ board, and Cosmo Jiang of Pantera will join as a director.
Rise of Digital Asset Treasuries
These two announcements highlight the momentum behind digital asset treasuries. According to Architect Partners, over 150 firms have announced nearly $100 billion in planned crypto purchases in 2025.
This approach follows the strategy popularized by Michael Saylor’s MicroStrategy, which turned its stock into a proxy for Bitcoin. While most treasuries have focused on BTC, ETH, and SOL, some companies have expanded into altcoins such as BNB, HYPE, and XRP.
Solana-focused treasuries have already accumulated close to 1 percent of the network’s total supply, making SOL the third-largest category among digital asset treasuries.
The investments by Forward Industries and Helius Medical Technologies highlight the growing interest in Solana and digital asset treasuries, indicating potential expansion in this sector.
