Helius Medical Technologies, listed under the HSDT code on Nasdaq, announced a purchase of 167 million dollars worth of Solana. The company paid an average of 231 dollars for the purchases. After the first purchase, the company held 760,190 Solana.
As a reminder, this company operating in the health sector had raised 500 million dollars in a funding round led by Pantera and Summer Capital on September 12. It was also reported that a large portion of this money would be used to purchase Solana.
After the investment, Helius experienced a 250% increase in its shares on Nasdaq. However, following yesterday's crypto downturns, the company's shares ended the day with a 14% decrease, finishing at the $20 level.
The company does not want to just hold the tokens after purchasing Solana. Helius will continue its purchases over a period of 12-24 months and will utilize its tokens in decentralized finance solutions and staking.
Cosmo Jiang, a partner at Pantera Capital and an observer on the Helius board, stated regarding the acquisitions, “We are pleased to launch our Solana plan. We made these acquisitions at a lower cost. The team is acting with market awareness.”
As a reminder, another Solana treasury company, Forward, had also made a purchase of $1.6 billion in SOL.
Published: September 23, 2025 08:39
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto News: DeepSnitch AI March 31 Launch Trending As Traders Bet on 100x Gains, Strategy Stacks 22K BTC, SOL Breaks Through $95
Michael Saylor has shown a bullish attitude with Strategy 22K Bitcoin last week for $1.57B, one of the five largest purchases the company has ever made.
Inspired by the bullish crypto news, the broader market is also following the lead of this as BTC presses into key resistance and SOL
CaptainAltcoin3h ago
Solana Price Prediction: SOL Rises Amid Bullish Signals, XRP Gains, While DeepSnitch AI’s Live Verification Layer Drives Confidence in 100x Delivery
Solana price prediction is catching fire as SOL rises to $89. Its current outlook suggests a potential recovery after months of bearish pressure. Meanwhile, investors are also eyeing DeepSnitch AI ($DSNT).
Although still in presale, its live intelligence layer is now fully active, giving inve
CaptainAltcoin6h ago
Solana vs Pepeto: Missed Shiba Inu and Dogecoin? Pepeto Could Be Your Door to the Next Winning Meme Coin – Solana Price News
If you were among those who watched Dogecoin surge to historic highs or saw Shiba Inu skyrocket while hesitating, you know the feeling all too well. Every second of delay in crypto costs money, and the market punishes hesitation faster than anything else. The solana vs pepeto debate is now
CaptainAltcoin7h ago
DeepSeek AI Predicts the Price of Solana, Cardano and Dogecoin by The End of 2026
The first few months of 2026 have delivered a mixed bag for cryptocurrency holders, with major assets trading well below their all-time peaks while showing signs that a rotation back into altcoins could be building.
DeepSeek AI has analyzed current market structure, on-chain metrics, and
CaptainAltcoin7h ago
