Helius Medical Technologies has announced the launch of a corporate treasury fund of $500 million focused on Solana. This initiative is one of the largest of its kind.
Helius Treasury Fund Launch
Nasdaq-listed Helius Medical Technologies has announced a private investment offering priced at $6.88 per share. The deal, which includes $500 million in equity and up to $750 million in warrants, is expected to close on September 18.
Solana-Based Strategy
Helius plans to use the net proceeds to establish a crypto treasury strategy with Solana as its main reserve asset. The company aims to significantly scale holdings over the next 12-24 months through capital markets programs.
Institutional Interest in Solana
Helius’ announcement comes amid growing institutional interest in Solana strategies, highlighted by the recent investments from Galaxy Digital and Multicoin Capital.
In conclusion, the launch of Helius Medical Technologies' fund underscores the increasing institutional interest in Solana as a potential asset for investors and the need for innovative approaches to cryptocurrency strategies.
