As per Crypto.News, Helius Medical Technologies has acquired 760,190 SOL worth $167 million, making it one of the largest public holders of the token. The purchase is part of the company's new digital asset treasury strategy, following a $500 million raise led by Pantera Capital and Summer Capital. The firm plans to scale its Solana holdings over the next 12 to 24 months and explore staking and DeFi opportunities under a conservative risk framework. Helius retains over $335 million in cash, potentially for further purchases.
Helius Acquires $167M in Solana, Becomes Major Public Holder
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.