Key Takeaways
Helius Medical Technologies raised over 500M to launch a Solana-focused treasury vehicle.
Shares surged 200 in pre-market trading following the announcement.
The treasury strategy aims to grow beyond 1.25B through SOL holdings, staking, and DeFi.
Pantera and Summer Capital Lead 500M Raise Helius Medical Technologies Nasdaq: HSDT announced on Monday it has raised more than 500 million in an oversubscribed private financing round to establish a Solana-focused treasury company. The funding was co-led by Pantera Capital and Summer Capital, with participation from Animoca Brands, FalconX, HashKey Capital, Avenir, SinoHope, Arrington Capital, and others.