Solana-focused Digital Asset Treasury Company Raises $1.25 Billion to become a Leading Cryptocurrency Treasury

Pantera Capital and Summer Capital have raised $1.25 billion to turn neurotech firm Helius Medical Technologies into a Solana treasury company. The deal includes $500 million in capital and $750 million in warrants to fund future Solana purchases. Pantera's Cosmo Jiang will be a board director, and Dan Morehead will be a board advisor. The company aims to be the leading Solana digital asset treasury.

Pantera Capital and Summer Capital have led a significant investment round in Helius Medical Technologies, securing over $1.25 billion to transform the neurotech firm into a Solana-focused digital asset treasury company. The deal, which includes $500 million in capital and $750 million in warrants, aims to position Helius as a leading player in the Solana ecosystem.

The investment, announced on Monday, was led by Pantera Capital and Summer Capital, with notable participation from other crypto-native investors such as Big Brain Holdings, Animoca Brands, FalconX, and Arrington Capital. The offering is expected to close around September 18, pending customary conditions. Proceeds from the investment will be used to launch a digital asset treasury strategy centered on acquiring Solana (SOL), which will become the company's primary reserve asset.

Helius Medical Technologies chose Solana for its high throughput, strong adoption, and 7% native staking yield, which facilitates productive treasury management and broader DeFi opportunities. The company plans to build an initial SOL position and scale it over the next 12-24 months, while exploring staking and DeFi opportunities under a conservative risk framework. The firm's stock, trading under the ticker "HSDT" on Nasdaq, jumped around 250% in pre-market trading on Monday following the news.

The leadership team for the new venture will include Joseph Chee, founder of Summer Capital, Pantera General Partner Cosmo Jiang, and Dan Morehead, founder and Managing Partner of Pantera Capital, serving as a strategic advisor. The company has committed to transparency on holdings and active engagement with the Solana community, with regular reports on staking performance and treasury growth to assure investors of ongoing prudence.

Helius Medical Technologies joins a growing list of firms accumulating Solana, including Forward Industries, Multicoin Capital, Galaxy Digital, and Jump Crypto, collectively demonstrating significant confidence in Solana's long-term potential as both a productive asset and a foundational blockchain for emerging financial services.