Helius Medical Technologies launches $500 million Solana Corporate Library

Nasdaq-listed Helius Medical Technologies is launching a $500 million corporate treasury around Solana, Cointelegraph reported. The company announced an oversubscribed PIPE stock offering at $6.88 per share, accompanied by a $10.12 warrant that is exercised within three years. Helius will use the proceeds from the issuance to establish a crypto-stock strategy with Solana (SOL) as its main reserve asset and significantly expand its holdings over the next 12-24 months. Helius will also explore staking and lending opportunities in the Solana ecosystem to generate additional revenue while maintaining “conservative” risks. The release, led by Pantera Capital and Summer Capital, is expected to be completed on Thursday, with participants including Big Brain Holdings, Avenir, FalconX and more. Helius says SOL has a native pledge yield of about 7% in design.