Solana treasury plans are accelerating as Helius Medical Technologies raises $500 million in an oversubscribed PIPE, according to the source. The Nasdaq-listed firm aims to build a dedicated Solana treasury company and grow exposure to the ecosystem over the next two years.
Oversubscribed PIPE with upside
The $500 million round is part of a private investment in public equity that includes stapled warrants. If fully exercised, those warrants could lift total proceeds to $1.25 billion, the company said. As a result, Helius would have substantial dry powder to scale its Solana strategy.
Pantera Capital is backing the effort. Dan Morehead stated that “Solana is a category-defining blockchain and the foundation on which a new financial system will be built.” The endorsement underscores rising institutional interest in a Solana treasury.
Yield, staking, and ecosystem revenue
Helius plans to leverage Solana’s native staking yield, estimated at about 7%. Therefore, the firm will significantly increase SOL holdings over 12–24 months. It is also exploring staking and lending opportunities to generate revenue within the Solana ecosystem.
Key priorities include:
• Scaling SOL positions in a disciplined manner.
• Capturing native staking yield while managing risk.
• Evaluating lending markets to enhance returns.
Meanwhile, the company positions its Solana treasury as a long-horizon strategy. However, it did not provide detailed deployment timelines beyond the 12–24 month window cited.
For background on how staking works on proof-of-stake networks, see this primer. And if you’re exploring on-chain cash management, our guide to how stablecoins work offers useful context.
