What to Know:
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Helius bought 760K+ SOL ($110M) as part of its first crypto treasury plan.
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The move follows a $500M funding round led by Pantera and Summer Capital.
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Helius becomes one of the first Nasdaq firms to back Solana over Bitcoin.
Helius, a Nasdaq-listed company that provides blockchain infrastructure services, made news with its first big purchase of a crypto treasury. The company said in a press release today that it had bought more than 760,000 Solana tokens, which are worth more than $110 million at today’s prices. The company calls this move the start of a “long-term strategy” to keep SOL as part of its treasury.
A Big Bet on Solana
The company explained that the decision to start building a crypto treasury with SOL comes from its deep involvement in the Solana ecosystem. Helius provides tools and services for developers building on Solana, and the company said it was only natural to support the network by holding its native token.
“It has been gratifying to receive shows of support from multiple stakeholders across the Solana ecosystem, including staking providers, DeFi protocols and others. We take our responsibility to maximize shareholder value seriously and are eager to execute against our plan,” said Joseph Chee, Executive Chairman of HSDT.
Last Week’s Big Funding Round
Just last week, Helius revealed it had raised over $500 million in a funding round led by Pantera Capital and Summer Capital, with participation from a high-quality group of investors including Big Brain Holdings, Avenir, SinoHope, FalconX, Arrington Capital, Animoca Brands, Aspen Digital, Borderless, Laser Digital, HashKey Capital, and Republic Digital.
“We’re offering investors public-market exposure to Solana, which we view as the most commercially viable blockchain today. Its adoption journey is still in its early stages. Pantera pioneered the crypto fund industry in the U.S. by launching the first bitcoin fund in 2013, which has since delivered 1,500x returns. But at $2.3 trillion, Bitcoin’s scale is significant. Solana, with a market cap just 6% of Bitcoin’s, offers compelling potential for asymmetric growth,” said Dan Morehead, Founder and Managing Partner of Pantera Capital.
First Step in a Larger Strategy
The press release says that Helius doesn’t plan to stop here. The company plans to buy more SOL in the next few months as it works to make its balance sheet more diverse. Many traditional businesses keep their money in cash or government bonds, but Helius wants to keep digital assets that are related to its main business.
This action makes Helius one of the first companies on the Nasdaq to officially add Solana to its corporate treasury. Until now, most of the high-profile treasury moves in crypto have centered on Bitcoin, with firms like MicroStrategy buying billions of dollars’ worth of BTC. Helius is setting itself apart by choosing Solana as its cornerstone digital asset.
Why Solana?
In the last few years, Solana has grown into one of the fastest blockchains. It has become a top choice for DeFi, gaming, and NFT projects because it has low fees and fast transactions. Helius has been building developer tools on Solana for years, so investing in the token is both a show of confidence and a way to strengthen its alignment with the network’s future.
Market analysts noted that the move could inspire other companies tied to specific blockchains to follow suit. Just as MicroStrategy’s Bitcoin strategy helped push BTC further into the mainstream, Helius’ Solana treasury plan could encourage others in the ecosystem to back their blockchains in a similar way.
Investor Reaction
After the announcement, SOL’s price went up quickly because traders liked the idea of a publicly traded company buying a lot of the token and hodling it. Some experts think this could make SOL even more popular, especially if Helius keeps buying it as planned.
Meanwhile, more people are looking at Helius’ stock on Nasdaq (ticker: HSDT). Investors are keeping a close eye on the treasury strategy to see if it will help the company build stronger connections with the growing Solana ecosystem and raise the long-term value of its shares.
What’s Next
Helius made it clear that this is only the start. The company wants to keep working closely with Solana developers and look into other ways to help dapps. The treasury move shows that Helius is thinking ahead and betting that both Solana and blockchain use will keep going up.
Also Read: Metaplanet Scoops Up $632.5M in Bitcoin as BTC Price Consolidates
