Helius shares surged as the firm announced a $500 million raise to build a Solana treasury, with plans centered on Solana. The move spotlights the company’s strategy and market appetite for ecosystem exposure, according to the source.
Helius targets Solana as core reserve
The company plans to use proceeds to acquire SOL tokens as its primary treasury reserve asset. It also aims to generate revenue through staking and lending opportunities within the Solana ecosystem. As a result, the Solana-focused approach could align treasury management with on-chain yield.
In addition to the $500 million private equity offering, Helius outlined stapled warrants that could add a further $750 million. Therefore, the total potential capital for Helius’s Solana treasury could reach over $1.25 billion if fully exercised.
Pitched as a category-defining bet
Pantera Capital’s founder, Dan Morehead, endorsed the thesis, stating, “We believe that Solana is a category-defining blockchain and the foundation on which a new financial system will be built.” Meanwhile, supporters argue the strategy could deepen liquidity and participation across Solana’s network.
Key points:
$500 million raise aimed at a Solana treasury. Potential total capital over $1.25 billion with stapled warrants. Proceeds earmarked for SOL accumulation, staking, and lending.
However, market conditions and execution risks still apply, according to the source. Investors will watch how quickly Helius deploys funds and scales staking and lending operations.
For background on Solana’s token and market data, see the Solana overview on CoinMarketCap. To learn how reserve assets function in crypto finance, read our guide on how stablecoins work.
