US-listed Helius begins first accumulation of 760,000 Solana

Son Min

Summary

Helius Medical Technology said it had purchased Solana (SOL) 760,190 and begun its accumulation strategy in earnest.
Helius disclosed that the average purchase price is $231 and hinted at the possibility of additional accumulation.
Helius said it currently has $335 million in cash, which it plans to use to increase its crypto holdings.

Helius Medical Technology (Helius Medical) appears to have started accumulating Solana (SOL).

On the 22nd (local time), according to GlobeNewswire, Helius said in a press release, "purchasing more than 760,190 Solana and beginning its accumulation strategy in earnest." The average purchase price is $231.

It also hinted at additional accumulation. Helius said, "It currently has $335 million in cash remaining," and "plans to use it to increase its crypto holdings."

Earlier, Helius had announced it had raised $500 million to purchase Solana. If all warrants are exercised, it is expected to be able to raise more than $1.25 billion.

SOL