Xinhuo Technology US$500 million DAT special plan to invest in SOL treasury company Helius, opening up by more than 200%

According to ChainCatcher, Hong Kong-listed company Xinhuo Technology (1611.HK), a US-listed company that has just announced its transformation to SOL Finance Co., Ltd., is the first project invested by its "USD 500 million DAT special plan", with an investment scale of tens of millions of US dollars. Market data shows that Helius (HSDT) rose by 270% at the pre-market trading, with an opening increase of more than 200%. The company closed at only US$7.56 on the previous trading day and its market value was only US$8.14 million. On the evening of September 15, Helius (HSDT) issued an announcement to announce a major strategic transformation, transforming into SOL Finance Co., Ltd. through more than US$500 million in private equity investment. Xinhuo Technology invested US$10 million in Helius (HSDT) private equity subscription to support it in strategic transformation. Previously, Xinhuo Technology announced the launch of the "Hong Kong Blockchain Summit Forum - Xinhuo Technology Strategy Release Conference" held on August 27, aiming to capture investment opportunities in global leading digital asset treasury projects and lock in dividends of high-quality DAT assets for customers. The plan relies on Xinhuo Technology's leading digital asset custody and asset management capabilities to help partners deploy high-quality DAT assets. The initial scale of the special plan is expected to be approximately US$500 million. It is understood that Xinhuo Technology's US$500 million digital asset treasury (DAT) special plan will announce its second phase of investment projects in the near future.