**Helius Launches Latest Solana Treasury with $500 Million Private Placement**
*Posted on BitcoinEthereumNews.com*
Nasdaq-listed Helius Medical Technologies (HSDT) announced on Friday, September 19, the completion of a $500 million private placement to establish a Solana treasury reserve. This transaction included common stock and stapled warrants, structured to potentially raise more than $1.25 billion if all warrants are exercised.
The $500 million investment, co-led by Pantera Capital and Summer Capital, positions Helius as the second-largest Solana treasury holder, trailing only Forward Industries, which has amassed total holdings exceeding $1.6 billion according to SentoraResearch.
Helius Medical’s treasury strategy focuses on holding SOL as its core reserve asset, citing Solana’s approximately 7% native staking yield as a competitive advantage over non-yield-bearing assets like Bitcoin. Beyond staking, the firm plans to selectively allocate funds into decentralized finance (DeFi) and on-chain protocols to generate additional passive income while maintaining a conservative risk profile.
### Solana Staking Deposits Increase by $2.5 Billion Despite Price Dip
On-chain data indicates that Solana staking inflows have been trending upward over the past week. Data from StakingRewards.com shows staking deposits increased from 400.8 million SOL on September 12 to 411.3 million SOL by September 19.
This rise of 10.5 million SOL in staking deposits represents approximately $2.5 billion in value at current prices, highlighting growing confidence and engagement within the Solana ecosystem despite a recent 5% dip in SOL’s price.
### SOL Price Faces Key Support Level
SOL’s price is currently testing a critical support level at $240. Analysts suggest a potential rebound toward $250 if this support holds. However, failure to maintain support could see downside risk driving the price toward $214.
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**Summary of Key Points:**
– Helius Medical Technologies completes a $500 million private placement, potentially raising up to $1.25 billion with warrants.
– The investment makes Helius the second-largest Solana treasury holder after Forward Industries.
– The treasury strategy centers on holding SOL for staking yields (~7%) and selectively investing in DeFi and on-chain protocols.
– Solana staking deposits rose from 400.8M to 411.3M SOL between September 12 and 19, adding $2.5 billion in value.
– SOL price faces a crucial support test at $240, with potential rebound to $250 or a drop to $214.
*Sources: BitcoinEthereumNews.com, SentoraResearch, StakingRewards.com*
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