Investing & Markets

Helius Medical Commits to Solana Treasury with $175M Initial Buy

Helius Medical Commits to Solana Treasury with $175M Initial Buy

Helius Medical Technologies, a firm originally rooted in the neurotech sector, has recently made a significant leap into the burgeoning digital asset space, marking its first strategic move into a Solana (SOL) treasury. This pivotal decision saw the company acquire a substantial amount of SOL tokens, signaling a clear intent to diversify its asset holdings and embrace the potential of blockchain technology. Helius's Strategic Shift and Initial Investment in Solana The company officially announced its initial purchase, acquiring precisely 760,190 SOL tokens. This acquisition was executed at an average price of $231 per token, culminating in an investment of approximately $175 million. This move represents the initial deployment of capital from a significant funding round, where Helius Medical Technologies successfully raised over $500 million for its digital asset treasury through a private placement offering. The firm’s strategic pivot towards accumulating SOL as a core component of…

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