Nasdaq-Listed Helius Launches $500M Solana Treasury Strategy

Helius Medical Technologies is making a bold crypto move, unveiling a $500 million Solana-focused corporate treasury plan designed to scale holdings and generate yield over the next two years.

• Funds will build a Solana (SOL) treasury over 12–24 months, using ATM sales and other capital markets tools.
• Company will explore staking and lending to generate revenue while maintaining a conservative risk profile.
• Offering led by Pantera Capital and Summer Capital, with investors like Animoca Brands, FalconX, and Arrington Capital.
• Incoming executive chairman Joseph Chee predicts capital markets will increasingly adopt blockchain rails.

Nasdaq-listed Helius Medical Technologies has announced plans to create a $500 million Solana-based corporate treasury, signaling one of the largest institutional commitments to the Solana ecosystem to date. The company priced an oversubscribed private investment in public equity (PIPE) at $6.88 per share, coupled with three-year stapled warrants exercisable at $10.12. Assuming full exercise of those warrants, the offering could total up to $750 million. Proceeds will fund a long-term crypto treasury strategy centered on Solana’s SOL token, with the company aiming to “significantly scale holdings over the next 12–24 months” through a capital markets program that includes at-the-market (ATM) sales and other proven methods.

Helius intends to put its Solana holdings to work by exploring staking and lending opportunities within the network to produce additional yield while adhering to what it describes as a conservative risk approach. The PIPE was led by crypto-focused U.S. asset manager Pantera Capital and Asia-based Summer Capital, with notable participation from Big Brain Holdings, Avenir, FalconX, Arrington Capital, Animoca Brands, and HashKey Capital. The deal is expected to close Thursday, after which Helius’ management will transition under new executive chairman Joseph Chee, founder of Summer Capital and former UBS Asia investment banking chief.

The company calls Solana a “category-defining blockchain,” praising its speed, cost efficiency, and roughly 7% native staking yield—advantages that set it apart from non-yield-bearing assets like Bitcoin. Pantera Capital founder Dan Morehead described Solana as the foundation of a “new financial system,” suggesting that Helius’ initiative could expand both institutional and retail access to the network. Chee added that the strategy will focus on “maximizing SOL per share” and anticipates that capital markets transactions, including payments and tokenization, will increasingly move onto blockchain infrastructure.

Helius’ announcement arrives as Solana enjoys a wave of institutional momentum. Earlier this week, Galaxy Digital revealed a $306 million Solana purchase as part of a joint crypto treasury venture with Multicoin Capital and Jump Crypto. With SOL prices already up about 25% year-to-date, more corporate treasury programs like Helius’ could further bolster demand and adoption, potentially driving the network’s growth and valuation in the months ahead.

Final Thought

Helius’ $500 million bet positions Solana as a cornerstone of institutional crypto treasuries, underscoring growing confidence in its speed, scalability, and yield potential as traditional capital markets begin to merge with blockchain technology.