Helius Medical Secures $500M from Pantera Capital to Launch Massive $1.25B Solana Treasury

Helius Medical just pulled off one of the largest crypto raises of the year—backed by heavyweight Pantera Capital—to deploy a staggering $1.25B treasury entirely on Solana.

Why Solana? Speed, scale, and serious developer momentum.

The move signals growing institutional confidence not just in digital assets, but in high-performance Layer 1s that can handle real-world financial throughput. No more ‘eth-killer’ narratives—just straight-up execution.

Meanwhile, traditional finance is still trying to figure out how to custody Bitcoin. Talk about a legacy lag.

Helius isn’t playing around. This isn’t a ‘test the waters’ kind of deployment—it’s a full-scale conviction bet on Solana’s ecosystem, from DeFi and NFTs to real-world asset tokenization.

Expect this treasury to become a major force in governance, staking, and liquidity provisioning. And yeah—it probably won’t be the last.

When crypto-native firms start moving billions on-chain, you know the old guard is officially on notice.

Helius Medical Targets 7% SOL Yields Over Bitcoin’s Zero Returns

The SOL treasury strategy will be guided by Director and Executive Chairman Joseph Chee (founder and chairman of Summer Capital and former head of investment banking, Asia at UBS).

The strategy will also be guided by Board Observer Cosmo Jiang (general partner at Pantera Capital) and adviser Dan Morehead (founder and managing partner of Pantera Capital).

Helius executives noted Solana’s position as the fastest-growing blockchain historically, leading the industry in transaction revenue while processing over 3,500 transactions per second.

The executives also emphasized SOL’s financial productivity through design, offering a roughly 7% native staking yield, which contrasts with non-yield-bearing assets like Bitcoin.

The company plans to capitalize on Solana’s native yield-generating architecture and capture opportunities in DeFi and broader on-chain activity.

“We believe that Solana is a category-defining blockchain and the foundation on which a new financial system will be built,” said Dan Morehead, founder and managing partner of Pantera Capital.

For twelve years Pantera has been at the forefront of providing access to blockchain. First Bitcoin fund, first blockchain venture fund, first exclusively private token fund, etc.

To date most have had million dollar-minimums and most require investors meet the very high SEC… pic.twitter.com/atx2McHQNh

Following the announcement, Helius stock (HSDT) surged over 159%, jumping from Friday’s close of $7.91 to $45.51 before settling at $19.63 at press time, based on Yahoo Finance data.

This pattern has become familiar among Nasdaq-listed companies announcing digital asset treasury initiatives.

BitMine’s stock price jumped from $4.26 to $26.06, a 511.02% intraday increase, when the company announced its crypto-focused treasury strategy in June.

The Solana Treasury Trend

The market appears to be entering “Solana season,” similar to when ethereum attracted companies like Sharplink Gaming and BitMine to launch ETH treasuries that later accumulated billions of dollars in Ether.

Current Solana treasury companies, including DeFi Development Corp., Upexi, and Sol Strategies, are already deploying hundreds of millions of dollars to accumulate SOL.

Upexi Inc., a consumer products firm turned Solana treasury powerhouse, now holds over 2 million SOL valued at $447 million, with $142 million in unrealized gains and daily staking rewards of approximately $105,000.

The firm also recently appointed former BitMEX CEO Arthur Hayes to its advisory board.

CoinGecko data reveals that approximately eight Solana treasury companies have been established, collectively accumulating more than $1.5 billion worth of Solana, equivalent to over 1% of the entire SOL supply.

Recently, Forward Industries, a newly established Solana treasury company, announced a purchase of 6.82 million SOL at an average price of $232, totaling approximately $1.58 billion.

Mert Mumtaz, CEO of Solana-based infrastructure provider Helius, recently shared that Solana-focused treasury companies have raised between $3 billion and $4 billion to date, with more expected to follow.

The SOL treasury companies' initial raises combined are about 3-4B (more are coming)

This is before they buy more on the open market

Unlike bitcoin and MSTR, a non-trivial amount of this cash will be injected into SOL DeFi

not financial advice

Unlike Bitcoin and Michael Saylor’s treasury company MicroStrategy (MSTR), a large percentage of capital raised by Solana treasury companies will be deployed into SOL DeFi, potentially increasing the SOL token’s value and overall ecosystem growth.

Solana currently trades at $233.82, boasting over $13 billion in total value locked (TVL) across its DeFi ecosystem, second only to Ethereum.

Global investment firm VanEck maintains a bullish outlook on Solana, predicting SOL could reach $520 before year-end.

China’s DeepSeek AI recently projected that SOL could eventually target $1,000 by late 2026, well above its previous $295 all-time high.