Helius Shares Pump 141% Amid $500 Million Raise for Solana Treasury

Manufacturer of Medical Devices Helius Medical Technologies has collected $ 500 million through a private placement in Public Equity (Pipe) to create a Solana Treasury, the company announced On Monday, part of a growing list of companies traded by Nasdaq that shift their focus to accumulate SOL.

Evcant capital companies Pantera Capital and Summer Capital led the offer, including Big Brain Holdings, Avenir, Falconx, Arrington Capital, Animoca Brands and Hashkey Capital. The offer is expected to close on or around Thursday.

“We believe that Solana is a categorical blockchain and the foundation on which a new financial system will be built,” says Dan Morehead, founder and managing partner of Pantera Capital.

The announcement follows closely after several others in recent months in which Solana Treasuries was involved, while companies – many of those who are struggling – pay attention to ways to take advantage of the increase in the markets for digital assets. Their efforts, in turn, helped to feed the rally in crypto prices this year. Solana was recently traded at $ 233, an increase of almost 60% in the past three months.

A countless market showed that investors are happy about Solana, where 90% of them say it would do that Soons rise to $ 250 instead of sinking to $ 130.

(Publication: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorial independent Decrypt.)

Helius shares closed at $ 18.27, an increase of approximately 141% on the trade on Monday, as a result of which a small part of the ground has lost last year. HSDT struck more than $ 772 last December.

Participants in the Pijp, of which Helius said it was ‘surplus’, bought ordinary shares (and/or pre-financed warrants to buy shares) for $ 6.81 and genous warrants to buy shares with a exercise price equal to $ 10.13 per non-fixed order. Investors can exercise the healing warrants for three years from the issue date.

Warrants set are contractual agreements that are linked to another security and cannot only be exchanged or sold. Companies use them to make an offer more inviting for investors.

The announcement led to a humorous moment when Mert Mumtaz, the CEO of Helius -a non -relied supplier of infrastructure and tools for Solana -developers –written On Twitter he had received more than 50 messages, assuming his company was responsible for the treasury.

“I am not involved at all at all,” remarked the prominent Solana Ecosystem personality, and adds: “The universe literally trolls me at the moment. Again: I am not involved, nor is HElius Labs Neither Helium neither Helio nor Heliux nor helicopter. “

On Monday, medical design agency Forward Industries completed his first major Solana acquisition and became the largest listed Solana Treasury after collecting nearly $ 1.6 billion in SOL.

Last week the SOL strategies in Canada began to act at the Nasdaq grant, which increased exposure to investors beyond the Canadian stock exchange and OTC markets. The company has around $ 100 million in Sol in its treasury, although users have promised a much greater count to its network validator company. Based on being Business update from AugustusSol strategies has now delegated 3.6 million Sol to its validators, or more than $ 820 million in assets under delegation.

Earlier this month, Medical Device Packaging Company Sharps Technology announced The acquisition of 2 million Solana, creating a treasury of $ 400 million. In the past three weeks, Defi Development Corp, previously known as Janover – has added a Real estate financing platform AI Services Firm – more than 603,000 SOL, which has brought its count above 2 million SOL.

Consumer products manufacturer Upexi Now also applies More than 2 million Solana, almost tripled its total, after several Sol purchases since June. And Classover, an Edtech company, announced in June that it had bought approximately 6,500 Sol as the first step in a plan supported by a $ 500 million convertible program that is devoted to the acquisition and use of Sol.