Solana Treasury Helius Targets 5% Of SOL, Eyes Hong Kong Listing

Helius is looking to expand its Solana treasury to at least 5% of the cryptocurrency’s supply and considering a second listing in Hong ￰0￱ Digital Asset Treasury Firm Helius Aiming For At Least 5% Of SOL As reported by Wu Blockchain , NASDAQ-listed Helius Medical Technologies is planning on acquiring at least 5% of the total SOL ￰1￱ information comes from an interview between the Hong Kong Economic Times (HKET) and Joseph Chee, Executive Chairman of Helius and Chairman of Summer ￰2￱ Medical Technologies is a neurotech company that last month pivoted to a digital asset treasury (DAT) strategy centered around Solana, the cryptocurrency currently ranked sixth by market ￰3￱ firm closed an initial private placement offering, raising over $500 million on September 18th, with the likes of Pantera Capital and Summer Capital among the ￰4￱ has since been deploying this capital to purchase SOL for its ￰5￱ to a press release published Monday, the DAT company now holds more than 2.2 million tokens of the ￰6￱ reinforce its shift in business, Helius rebranded to “Solana Company” after receiving board approval on September ￰7￱ firm stated in the announcement that its mission is to “maximize SOL per share on one of the most commercially viable blockchains for consumer applications while delivering consistent on-chain yield for investors.” At the current Solana price, the company’s treasury is worth around $488.8 ￰8￱ top of this, it still holds about $15 million in cash, meaning that the firm already possesses more capital than it initially raised in ￰9￱ the firm’s Chairman is to go by, though, the DAT company is nowhere near done with its ￰10￱ a target of 5% of the SOL supply in circulation, the goal represents a total investment of over $6 billion at the latest exchange ￰11￱ also told HKET that once market cap and regulatory requirements are met, Solana Company is planning a second listing in Hong Kong, which could potentially happen within the next six ￰12￱ the latest acquisition announcement, Chee said: HSDT Solana Company’s investment narrative is resonating with institutional ￰13￱ are encouraged by the strong interest coming out of Asia after the major digital assets conferences last week, and we look forward to continuing to be a leading advocate for the Solana ecosystem to a whole new set of investors.

Helius’ pivot is just part of a broader SOL treasury wave that the sector has witnessed over the past ￰14￱ Industries, a design and manufacturing company, completed a $1.58 billion purchase on September 15th as it shifted to a Solana DAT strategy backed by Galaxy Digital, Jump Crypto, and Multicoin ￰15￱ the start of this month, another player in VisionSys AI, a firm specializing in brain-machine interaction and advanced AI systems, announced a $2 billion SOL DAT program in partnership with Marinade ￰16￱ Price At the time of writing, Solana is trading around $222, down more than 1% over the last week.