Helius medical technologies (HSDT) Announced on Monday, he gathered more than $ 500 million in a private financing tour to create a cash company focused on Solana.
The vehicle will hold soil, the native token of the Solana blockchain, because its reserve assets and aims to extend to more than $ 1.25 billion via action mandates related to the agreement, the press release said.
The funding was led by Pantera Capital and Summer Capital, with the participation of investors, in particular Animoca Brands, Falconx and Hashkey Capital.
The company’s shares have joined more than 200% above $ 24 in pre-commercial exchange after the announcement. Solana has dropped by 4% in the last 24 hours.
The company joins the latest wave of new digital assets, or dates, with pivoting public companies to collect funds and buy cryptocurrencies like Bitcoin ether (Eth) or soil.
Helius should compete with the recently launched advanced industries (FORD) With a war box of $ 1.65 billion supported by Galaxy Digital and others. This company confirmed on Monday which already bought 6.8 million tokens for around 1.58 billion dollars last week.
The Helius plan is to use Solana’s yield design to generate income on assets, earning yawning awards of around 7% as well as the deployment of tokens in decentralized finance (Challenge) and loan opportunities. The incoming executive president, Joseph Chee, founder of Summer Capital and former UBS banker, will direct the company’s digital asset strategy alongside Cosmo Jiang and Dan Morehead de Pantera.
“As a pioneer in the space of the treasure of digital assets, having participated in the training of the strategy at twenty-one capital (Porcini) With Tether, SoftBank and Cantor, Bitmin (BMNR) With Tom Lee and Mozayyx as well as Highco (Octo) With Dan Ives and Sam Altman, we built the expertise to set up the pre -eminent vehicle of the Solana Treasury, “said Cosmo Jiang, general partner of Pantera Capital, in a statement.
“There is a real opportunity to lead the wheel of the creation of the shareholders’ value that Michael Saylor was launched with the strategy by accelerating the adoption of Solana,” he added.
Read more: Solana increases while Galaxy increases more than $ 700 million of chips for exchanges
