Medical units producer Helius Medical Applied sciences has raised $500 million by means of a non-public placement in public fairness (PIPE) to create a Solana treasury, the corporate introduced on Monday, a part of a rising record of Nasdaq-traded firms shifting their focus to build up SOL.
Enterprise capital companies Pantera Capital and Summer time Capital led the providing, which additionally included Huge Mind Holdings, Avenir, FalconX, Arrington Capital, Animoca Manufacturers, and HashKey Capital, amongst others. The providing is anticipated to shut on or round Thursday.
“We consider that Solana is a category-defining blockchain and the muse on which a brand new monetary system will probably be constructed,” mentioned Dan Morehead, founder and managing companion of Pantera Capital.
The announcement follows intently after a number of others in current months involving Solana treasuries as firms—lots of them struggling—search methods to learn from the surge in digital asset markets. Their efforts have, in flip, helped gasoline the rally in crypto costs this yr. Solana was lately buying and selling at $233, up almost 60% over the previous three months.
A Myriad market confirmed that traders are upbeat about Solana, with 90% of them saying it might sooner rise to $250 fairly than sink to $130.
(Disclosure: Myriad is a prediction market and engagement platform developed by DASTAN, dad or mum firm of an editorially impartial Decrypt.)
Helius shares closed at $18.27, up about 141% in Monday buying and selling, regaining a small portion of floor it has misplaced over the previous yr. HSDT hit over $772 final December.
Members within the PIPE, which Helius mentioned was “oversubscribed,” bought widespread inventory (and/or pre-funded warrants to buy shares) for $6.81 and stapled warrants to purchase shares with an train value equal to $10.13 per stapled warrant. Traders can train the stapled warrants for 3 years from the problem date.
Stapled warrants are contractual agreements which are tied to a different safety and can’t be exchanged or bought alone. Firms use them to make a proposal extra inviting for traders.
The announcement led to a humorous second when Mert Mumtaz, the CEO of Helius—an unaffiliated supplier of infrastructure and tooling for Solana builders—wrote on Twitter that he had acquired greater than 50 messages assuming his firm was chargeable for the treasury.
some private information
No, in all seriousness, I am not concerned with this in any respect — the title is yet one more coincidence.
The universe is kind of actually trolling me at this level
Once more: I’m not concerned, neither is @heliuslabs nor Helium nor Helio nor Heliux nor Helicopter https://t.co/u0HbDs0ydr
— mert | helius.dev (@0xMert_) September 15, 2025
“I am not concerned with this in any respect,” the distinguished Solana ecosystem character famous, including: “The universe is kind of actually trolling me at this level. Once more: I’m not concerned, neither is Helius Labs nor Helium nor Helio nor Heliux nor Helicopter.”
On Monday, medical design agency Ahead Industries accomplished its first main Solana acquisition, changing into the biggest publicly traded Solana treasury after amassing almost $1.6 billion value of SOL.
Final week, Canada-based SOL Methods began buying and selling on the Nasdaq Trade, growing its publicity to traders past the Canadian Inventory Trade and OTC markets. The agency has about $100 million value of SOL in its treasury, although customers have pledged a a lot bigger tally to its community validator enterprise. Based mostly on its August enterprise replace, SOL Methods now has 3.6 million SOL delegated to its validators, or higher than $820 million in property underneath delegation.
Earlier this month, medical machine packaging firm Sharps Expertise introduced the acquisition of two million Solana, making a $400 million treasury. Over the previous three weeks, DeFi Improvement Corp, beforehand generally known as Janover—an actual property financing platform turned AI providers agency—has added greater than 603,000 SOL, bringing its tally above 2 million SOL.
Client merchandise producer Upexi now additionally holds greater than 2 million Solana, almost tripling its whole, after a number of SOL purchases since June. And Classover, an edtech firm, introduced in June that it had bought about 6,500 SOL as step one in a plan backed by a $500 million convertible notice program devoted to buying and staking SOL.
