Helius (NASDAQ:HSDT) collaborates with Pantera Capital and Summer Capital to complete a private placement of over $500 million to establish SOL Treasury Company
Source: CoinWorld
Time: 2025-09-19 03:37:15
Helius Medical Technologies has completed a $500 million private equity financing, which is expected to raise more than $1.25 billion through a combined warrant to acquire Solana as its main asset. The financing was led by Pantera Capital and Summer Capital, with other major cryptocurrency investors involved. The company aims to leverage Solana’s staking yield of about 7% to accelerate its adoption of its DeFi and on-chain activity. Joseph Chee of Summer Capital joined as executive chairman, while Cosmo Jiang and Dan Morehead of Pantera served as consultants.