Helius and Pantera Capital and other partnerships have raised over US$500 million in financing, and will launch SOL treasury

PANews September 15th news, according to PR Newswire, Helius (NASDAQ:HSDT) announced that it will cooperate with Pantera Capital, Summer Capital, Xinhuo Technology and other institutions to complete more than US$500 million in private equity financing, and plans to use SOL as the main reserve asset to promote the development of the Solana ecosystem. The financing includes common shares and prepaid warrants, with the warrant exercise price of US$10.134 and is valid for three years. Helius will use the raised funds to purchase SOL and carry out digital asset reserve business. In the future, it will evaluate DeFi opportunities such as pledge and lending to maintain stable risk management. The company's shares will continue to trade on the Nasdaq. According to Hong Kong-listed company Xinhuo Technology (1611.HK), Xinhuo Technology invested US$10 million in Helius (HSDT) private placement subscription to support Helius for strategic transformation.