Helius Joins Solana Treasury Trend With $500 Million Funding For New DAT Stra...
Nasdaq-listed firm Helius Medical Technologies Inc. unveiled the launch of a $500 million Solana-focused Digital Asset Treasury (DAT) backed by Pantera Capital and Summer Capital. Related Reading: Bitcoin Consolidates Above $115K As Market Eyes Fed’s Sept 17 Policy Move Helius Reveals Solana Treasury Strategy On Monday, Helius Medical Technologies, a neurotech company in the medical device field, announced an oversubscribed private investment in public equity (PIPE) offering of common stock to launch a new Solana treasury strategy. The offering, led by Pantera Capital and Summer Capital,....
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Helius Labs CEO Mert Mumtaz ignited a fresh round of debate inside the Solana ecosystem on September 10 after floating the idea of a Solana-aligned stablecoin whose reserve yield would be redirected to SOL via buybacks or burns—either as an “enshrined” protocol feature or, more likely, through competing digital-asset treasury companies (DATs). “Warming up to […]
One developer, “0xIchigo,” behind Helius, a software company developing infrastructure for users to build on Solana, thinks Solana is winning the energy efficiency race. However, competing platforms, especially Ethereum, are here to stay. Ethereum Is Here To Stay, Solana Is Winning The Energy Efficiency Race Ethereum and Solana aim to serve the same user base, but the […]
The trend of companies establishing crypto treasuries is gaining momentum, with Sharps Technology—a small player in the medical device and pharmaceutical sector—being the last to announce a plan to raise $400 million through a stock sale aimed at funding Solana (SOL) treasury. New Solana Treasury In The Makings The capital raise, which is set to close on August 28, will effectively transform Sharps’ stock into a proxy for the Solana price, attracting backing from crypto investment firms such as ParaFi, Pantera Capital, and CoinFund. This infusion of over $400 million positions....
DeFi Development announced the launch of DFDV UK, the very first Solana public treasury vehicle in the UK. The move is part of the company’s strategy to expand Solana treasury vehicles across the global market. Joseph Onorati, CEO of DeFi Development, declared in the official press release: DFDV UK is a milestone: the first Solana […]
A fresh bout of public scrutiny has erupted around Solana which still labels its mainnet “beta” more than five years after launch. The latest flashpoint unfolded on X, where Helius Labs chief executive Mert Mumtaz sparred with pseudonymous critic Balarchrex over the meaning of the beta tag, the opacity of Foundation wallets and the true […]