Summary
- Helius Medical Technologies said it raised $500 million to stockpile Solana.
- The company said it will use the funds to build a Solana reserve and plans to significantly increase holdings over the next 1~2 years.
- The offering was led by major investors such as Pantera Capital and Summer Capital.
Nasdaq-listed Helius Medical Technologies (Helius Medical Technologies) has reportedly raised $500 million to stockpile Solana (SOL).
On the 15th (local time), according to PR Newswire, Helius said in a press release, "We raised $500 million through an oversubscribed private investment in public equity (PIPE) offering," adding, "We plan to use the funds to build a Solana reserve." If all warrants are exercised, it is expected to raise more than $1.25 billion.
Helius said, "Solana is the fastest-growing blockchain," and "we will significantly increase Solana holdings over the next 1~2 years."
Meanwhile, the offering was reported to have been led by Pantera Capital and Summer Capital.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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