Behold, the tale of Helius, a neurotech company that, in a twist of fate, has transformed into a digital asset treasury alchemist, eyeing 5% of Solana’s supply like a dragon guarding its hoard. 🐉💸
Solana Digital Asset Treasury Firm Helius Aiming For At Least 5% Of SOL
As if summoned by the whispers of the blockchain realm, Helius Medical Technologies-now rebranded as “Solana Company”-has pledged to acquire 5% of SOL, a goal as ambitious as a philosopher’s quest for truth. 🧠✨
Once a neurotech pioneer, Helius now dances to the tune of Solana, a cryptocurrency ranked sixth in the digital pantheon. With $500 million in funding from Pantera Capital and Summer Capital, it’s as if the company has traded scalpels for crypto wallets. 🧪📈
Helius now holds 2.2 million SOL tokens, a treasure that, at current prices, totals $488.8 million. And yet, the company’s coffers swell further with $15 million in cash-a financial phoenix rising from the ashes of its previous ventures. 🔥
Joseph Chee, the enigmatic Chairman, declares that Solana is “the most commercially viable blockchain for consumer applications.” One might ask: What consumer? And why? But the question is left hanging, like a poorly resolved plotline. 🤔
Should Helius achieve its 5% target, it would invest over $6 billion-a sum so vast, it could buy a small island and still have change for a yacht. 🏝️⚓
Chee also hints at a Hong Kong listing, a move as mysterious as a Bulgakov novel’s climax. Will it happen in six months? Or will it vanish like a shadow at dawn? Only the blockchain gods know. 🌙
“HSDT Solana Company’s investment narrative is resonating with institutional investors,” Chee declares, as if reciting a spell. One wonders if the investors are enchanted or merely desperate. 🧙♂️
Meanwhile, Forward Industries and VisionSys AI join the Solana frenzy, their $1.58 billion and $2 billion bets as reckless as a gambler’s final hand. 🃏
SOL Price
Solana, currently priced at $222, plummets 1% weekly-a market as stable as a house of cards in a hurricane. 🌪️
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2025-10-10 08:14