Helius Medical Technologies (HSDT) He announced on Monday that he is raising more than $ 500 million in a private financing round to create a Solana -centered treasure company.
The vehicle will keep in Sun, the native token of the Solana block chain, such as its reserve asset and its objective is to expand to more than $ 1.25 billion through orders of shares linked to the agreement, according to the press release.
The financing was led by Panther Capital and Summer Capital, with the participation of investors, including the brands of Animoca, Falconx and Hashkey Capital.
The company’s shares recovered more than 200% above $ 24 in the negotiation prior to the market after the announcement. Solana dropped 4% in the last 24 hours.
The firm joins the last wave of new digital asset bonds, or DATs, with public companies that turn to raise funds and buy cryptocurrencies like Bitcoin ether (Eth) or sun.
Helius will rival the recently launched front industries (FORD) with a war chest of $ 1.65 billion backed by Galaxy Digital and others. That firm confirmed on Monday that it has already bought 6.8 million tokens for approximately $ 1.58 billion last week.
Helius’s plan is to use Solana’s performance design to generate income in holdings, obtaining rethinking rewards of around 7%, as well as the implementation of tokens in decentralized finances. (Defi) and loan opportunities. The incoming executive president, Joseph Chee, founder of Summer Capital and former Banker of UBS, will direct the firm’s digital asset strategy together with Cosmo Jiang and Dan Morehead of Panther.
“As a pioneer in the space of the Treasury of Digital Assets, after having participated in the formation of the strategy in twenty -one capital (CEP) With Tether, SoftBank and Cantor, Bitmine (BMNR) With Tom Lee and Mozayyx, as well as Ochoco (Octo) With Dan IVES and Sam Altman, we have built the experience to establish the preeminent Solana Treasury vehicle, “said Cosmo Jiang, general partner of Panther Capital, in a statement.
“There is a real opportunity to boost the steering wheel to create the value of the shareholders that Michael Saylor has pioneered the strategy by accelerating the adoption of Solana,” he added.
Read more: Solana increases when Galaxy collects more than $ 700 million exchanges tokens
