Helius Medical Technologies announced a $500 million funding package to build a Solana treasury. The company priced an oversubscribed PIPE offering at $6.88 per share, with stapled warrants exercisable at $10.12 for three years. It plans to grow the Helius Solana treasury over the next 12–24 months, using SOL as the main reserve asset. The closing is expected Thursday. The firm also disclosed up to $750 million in additional warrants, assuming full exercise.
Solana Treasury Strategy and PIPE Offering Terms
The Solana treasury strategy starts with proceeds from the PIPE offering. Helius said it will “significantly scale holdings over the next 12–24 months.” The company described a best-in-class capital markets program to support that plan.
The Helius Solana treasury will expand through at-the-market sales and other tools. Management said the approach allows steady accumulation of SOL. The aim is to maintain flexibility while building reserves.
Pricing terms set the stock at $6.88 and the stapled warrants at $10.12. The warrants run for three years. The package includes $500 million in equity plus up to $750 million in warrants, if fully exercised.
SOL Staking Yield and Risk Approach for the Solana Treasury
Helius called SOL “financially productive by design,” citing about a 7% native staking yield. By contrast, it referred to Bitcoin as a non-yield-bearing asset. The SOL staking yield sits at the center of the Solana treasury strategy.
The company will explore staking and lending inside the Solana ecosystem. It presented this as a way to earn additional revenue from the crypto treasury. However, it emphasized a conservative risk profile.
The plan targets maximizing “SOL per share” over time. Therefore, Helius set a 12–24 month window for scaling the Helius Solana treasury. The timeline allows gradual execution in public markets.
Pantera Capital and Summer Capital Back the Solana Treasury
The round is led by Pantera Capital and Summer Capital. Other participants include Big Brain Holdings, Avenir, FalconX, Arrington Capital, Animoca Brands, and HashKey Capital. The group adds both venture and institutional reach to the Solana treasury strategy.
Dan Morehead, founder and managing partner at Pantera Capital, said, “We believe that Solana is a category-defining blockchain and the foundation on which a new financial system will be built.” He added that a productive treasury company can widen access to the network.
After closing, Joseph Chee becomes director and executive chairman. Chee is the founder and chairman of Summer Capital and formerly led Investment Banking across Asia at UBS. He said the vehicle will focus on maximizing SOL per share as capital markets move onto blockchain rails, including payments and tokenization.
Institutional Momentum Around the Helius Solana Treasury
The Helius Solana treasury arrives as institutions add SOL exposure. Galaxy Digital recently bought about $306 million of Solana, alongside partners Multicoin Capital and Jump Crypto, to seed a new crypto treasury effort. The purchases highlight rising interest in Solana for balance-sheet strategies.
Year to date, SOL is up nearly 25%, according to TradingView data. The performance frames the backdrop for the Solana treasury strategy at Helius. It also shows how market conditions can shape treasury design.
Helius cited network activity when outlining its Solana treasury plan. The company pointed to staking yield and ecosystem tools as practical levers. Therefore, it plans to report progress as holdings scale and operations mature.