Reported 1 day ago
Helius Medical Technologies has successfully raised $500 million through a private investment led by Pantera Capital to create a $1.25 billion Solana treasury aimed at acquiring SOL tokens. The investment round includes an additional $750 million in warrants. This move comes as Helius executives emphasize Solana's growing impact in the blockchain space, particularly its yield-generating capabilities, which are set to attract further investment and yield opportunities over traditional assets like Bitcoin. Following the announcement, Helius stock soared over 159%.
Source: YAHOO