Helius Acquires $167M in Solana, Boosting Digital Asset Treasury

Solana's latest price was $211.76, down 1.162% in the last 24 hours. Helius Medical Technologies has made a significant move into the cryptocurrency space by acquiring a substantial amount of Solana, the native token of the Solana blockchain. The company purchased over 760,000 SOL tokens, which cost approximately 167 million dollars. This acquisition is part of Helius' digital asset treasury plan, which aims to invest up to 500 million dollars in the Solana blockchain ecosystem. The company's treasury plan also includes staking and DeFi schemes to earn returns on the SOL investments while maintaining a long-term investment horizon. This move demonstrates Helius' commitment to maximizing shareholder value through market awareness and sound capital management. The company continues to have more than 335 million in cash reserves, indicating its willingness to keep buying Solana tokens when market conditions permit.

Solana is known for its speed and scalability, with a transaction rate of more than 3,500 transactions per second and a daily active wallet rate of 3.7 million. This performance has made Solana one of the most popular blockchains in the world, with over 23 billion transactions registered to date in 2025. Unlike Bitcoin, SOL tokens have a native stake yield of approximately 7%, which serves as both a good source of income and potential price increase. Helius Executive Chairman Joseph Chee expressed gratitude to the different stakeholders in the Solana ecosystem, such as DeFi protocols and staking providers. This support brings additional assurance that the acquisition of SOL by Helius is a solid investment that aligns with the expansion projects in the ecosystem. The Board Observer, Cosmo Jiang of Helius, highlighted the disciplined nature of the acquisition and the focus on efficiency and cost control. The strategic entry at a low cost base compared to recent prices makes the capital available for purchases in the future, and it is committed to building long-term shareholder value through prudent financial stewardship.

Helius Medical's move towards a greater use of digital asset treasury, as opposed to neurotechnology, indicates an increasing institutional trend toward blockchain investments. The company plans to grow its Solana holdings as it continues with the business of medical devices. Led by Pantera Capital and Summer Capital, Helius will be a major institutional player in the Solana token ecosystem, contributing to the further development and use of the network. This treasury plan follows the move by Helius to raise over 500 million in private capital with the backing of large investors. The company anticipates further benefiting from the possible price volatility of SOL, where its reserves will be used to augment its strategic position as the market conditions change. Therefore, Helius is commencing digital asset accumulation and active portfolio management to increase its corporate value.

Solana has attracted significant investor interest with nearly 1.5 million SOL tokens accumulated in the past 48 hours, signaling potential recovery from recent price declines. Market analysts identify a rising channel formation on Solana's four-hour chart, a pattern that has undergone repeated testing over three months. The recent price decline touched the lower trend line before stabilizing, preserving the technical structure that supports bullish projections. The Relative Strength Index has entered oversold territory, indicating exhausted selling pressure. Historical data shows oversold conditions typically precede market reversals as sellers retreat and buyers enter positions. This technical setup reinforces confidence in the established rising channel pattern. Exchange data reveals the recent selloff resulted from panic selling rather than strategic distribution by informed traders. Short-term volatility prompted rapid token disposal, but market absorption of this selling pressure demonstrates underlying resilience. The substantial accumulation activity suggests sophisticated investors view current price levels as attractive entry points.

Solana's ability to maintain the $206 support level remains critical for near-term price stability. Analysts project the cryptocurrency could challenge the $214 resistance barrier with sustained momentum. Successfully flipping $221 into support would establish conditions for advancement toward $232, extending potential gains. The cryptocurrency's recent performance reflects broader market stabilization and increasing capital inflows into digital assets. Large-scale accumulation activity indicates institutional confidence in Solana's long-term fundamentals despite short-term price fluctuations. However, renewed risk aversion could pressure SOL below the $206 support threshold. Such a breakdown would target the $200 level or lower, invalidating current bullish technical structures. This scenario would extend downside pressure and require reassessment of recovery timelines. Understanding cryptocurrency technical analysis requires familiarity with several key concepts. Rising channel patterns represent upward price trends contained within parallel support and resistance lines. The Relative Strength Index measures momentum, with readings below 30 indicating oversold conditions where prices may reverse higher.

Current technical and fundamental indicators suggest Solana remains positioned for near-term recovery, supported by substantial buying activity and favorable chart patterns. The cryptocurrency's ability to maintain key support levels will determine whether bullish projections materialize in coming sessions. The National Bank of Kazakhstan announced the start of a pilot project to issue a tenge-backed stablecoin (KZTE) within its regulatory sandbox. This initiative brings the country’s national currency to the blockchain, making the tenge a real asset in digital form and providing new opportunities for investors, developers, and financial institutions. The stablecoin is issued by Intebix, a licensed digital asset exchange at the Astana International Financial Centre. This happened in partnership with Solana, Mastercard, and Eurasian Bank. This collaboration highlights Kazakhstan’s ambition to modernize its financial system while joining the growing list of nations experimenting with regulated stablecoins.

KZTE allows for smooth exchange between crypto assets and the tenge, enabling payments and settlements via crypto cards. This provides both retail users and institutions with a practical tool to interact with digital assets while maintaining exposure to Kazakhstan’s national currency. By connecting the tenge to blockchain, the project reduces friction in cross-border payments and introduces a new level of transparency and auditability to the country’s financial ecosystem. This move follows a global trend where central banks and regulated institutions explore stablecoins as a bridge between traditional finance and digital finance. For instance, countries like Singapore and the United Arab Emirates have launched pilot programs for their digital currencies, demonstrating growing confidence in blockchain technology for mainstream finance. KZTE positions Kazakhstan alongside these early adopters, showing its commitment to modernizing payments and enhancing financial inclusivity.

The launch of KZTE is part of the National Bank’s broader strategy to grow the country’s digital asset ecosystem. By supporting licensed issuers and integrating global partners like Mastercard, Kazakhstan is building infrastructure that can attract both local and international investment. The project also opens doors for DeFi applications, tokenized assets, and blockchain-based payments within the country, potentially stimulating innovation and economic growth. As the pilot progresses, developers and financial institutions will have the chance to explore new use cases for KZTE. From cross-border remittances to programmable finance, this initiative is a clear signal that Kazakhstan is serious about embracing blockchain technology and providing its citizens with modern, efficient financial tools.

Solana continues to dominate the decentralized application (DApp) economy, even as its revenue share shows signs of decline. According to SolanaFloor on X, Solana DApps generated $205 million in revenue over the past year, accounting for roughly 40% of the total $509 million across all blockchains. Solana’s journey from August 2024 to August 2025 reveals significant volatility in market leadership. The network began with a 52% share in August 2024, then surged to nearly 60% during September and October. Solana hit its peak in January 2025, capturing close to 70% of all DApp revenues. However, the momentum faded as the year progressed. By August 2025, Solana’s share had slipped to 40%. Despite the drop, it still maintained the top spot. Ethereum displayed contrasting performance throughout the same period. It started with a 27% revenue share in August 2024 and briefly climbed to 38% in September. However, it quickly declined, plunging to just 8% by December. From January to May 2025, Ethereum stabilized between 8% and 12%. Additionally, signs of recovery appeared in mid-2025, with its share climbing back to 20% by August.

In 2025, Hyperliquid became a formidable rival. The platform grew in popularity in the spring of 2025 after having minimal effect in 2024. By August, it had one of the biggest increases among new platforms, accounting for 22% of all DApp revenues. Networks like Base, Binance Smart Chain (BSC), and others held steady but lesser positions, varying from 2% to 8%. Even as competition grew more fierce, Base in particular showed resilience by maintaining steady performance at 5% to 7% for the majority of the months. The data also shows how crowded the DApp industry is still. The majority of revenue was made by Solana and Ethereum together, but upstart players like Hyperliquid are changing the game. Solana still leads in DApp revenue, but declining share and rising competition signal that the next phase of blockchain growth will be more contested.

Recent technical advancements continue shaping Solana's network trajectory, with the significant Alpenglow upgrade playing a central role. This protocol enhancement substantially reduced transaction latency across the blockchain, contributing to Solana's capacity to efficiently manage high transaction volumes. Institutional activity leveraging the Solana network remains evident, underscored by substantial asset movements such as Galaxy's recent processing of $300 million in value. This aligns with broader observations of Solana being integrated into treasury strategies, highlighting its potential as an operational layer for large-scale financial institutions. Network adoption metrics demonstrate sustained interest, driven partly by its ability to support diverse applications. The ecosystem experiences significant activity around niche sectors like memecoins, contributing to overall transaction volume though accompanied by inherent speculation inherent to such assets. While facing network headwinds described in recent technical analyses, the ecosystem focuses on optimizing performance following the Alpenglow implementation. Market observers monitor key technical levels around the $200 support zone and resistance near $215-$217 for network activity trends, distinct from valuation assessments.