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Pantera-Backed Solana Treasury Firm Helius Raises $500M, Stock Soars Over 200%

Helius Medical Technologies (HSDT) announced on Monday it's raising more than 500millioninaprivatefinancingroundtocreateaSolanafocusedtreasurycompany.ThevehiclewillholdSOL,thenativetokenoftheSolanablockchain,asitsreserveassetandaimstoexpandtomorethan500 million in a private financing round to create a Solana-focused treasury company. The vehicle will hold SOL, the native token of the Solana blockchain, as its reserve asset and aims to expand to more than 1.25 billion via stock warrants tied to the deal, the press release said. The financing was led by Pantera Capital and Summer Capital, with participation from investors including Animoca Brands, FalconX and HashKey Capit ...