Helius Joins Solana Treasury Trend With $500 Million Funding For New DAT Strategy

Solana's infrastructure backbone just made a half-billion dollar power move—joining the treasury diversification frenzy with serious capital firepower.

The DAT Gambit

Helius drops $500 million into its newly unveiled Digital Asset Treasury strategy, riding Solana's institutional adoption wave. That's not pocket change—it's a statement that infrastructure players are now major capital allocators.

Following the herd? Maybe. But when the herd includes Solana Foundation's own treasury maneuvers, it's less following and more validating an entire ecosystem trend.

Treasury strategies aren't just for corporations anymore—crypto natives are building war chests that would make traditional CFOs sweat. Though let's be real—most traditional treasuries still think 'digital asset strategy' means adding an Excel plugin.

This isn't just diversification—it's ecosystem weaponization. When your infrastructure provider becomes a major holder, every line of code comes with vested interest.

Solana's treasury trend accelerates—and the smart money's betting the infrastructure players might just outplay the protocols themselves.

Helius Reveals Solana Treasury Strategy

On Monday, Helius Medical Technologies, a neurotech company in the medical device field, announced an oversubscribed private investment in public equity (PIPE) offering of common stock to launch a new solana treasury strategy.

The offering, led by Pantera Capital and Summer Capital, is estimated to raise $500 million and an additional $750 million in stapled warrants to purchase shares of common stock, assuming full exercise.

Additionally, Big Brain Holdings, Avenir, SinoHope, FalconX, Arrington Capital, Animoca Brands, Aspen Digital, Borderless, Laser Digital, HashKey Capital, and Republic Digital are also participating in the offering, which is expected to close on September 18, 2025.

Following the closing, the company’s management team will include Summer Capital’s founder, Joseph Chee, as Director and Executive Chairman, Pantera’s General Partner, Cosmo Jiang, as Board Observer, and Pantera Capital’s founder, Dan Morehead, as Strategic Advisor.

According to the announcement, Helius intends to use the offering’s proceeds to implement a DAT strategy and purchase Solana’s native token, SOL, to make it the company’s primary treasury reserve asset.

Notably, the company expects to build an initial SOL position, with plans to significantly scale holdings over the next 12–24 months through a best-in-class capital markets program, incorporating ATM sales and other proven strategies.

Additionally, it will evaluate staking, lending, and other opportunities throughout the ecosystem to generate revenue from the SOL Treasury, while maintaining a conservative risk profile, the company explained.

Institutions Push SOL Adoption

Cosmo Jiang told news media outlet Fortune he believes there can only be a handful of successful public companies dedicated to just one cryptocurrency, affirming that “just as much as it is about scale, it’s about velocity.”

“We’d much rather start with a moderate size so that we can really go out to market and grow very quickly, rather than start too big and then have a harder time growing on a percentage basis,” he said.

He affirmed that the deal structure for this Solana treasury company positions it to be competitive: “We believe we have the right setup to be the leading, if not, at least one of the two or three, but certainly the leading, Solana DAT.”

It’s worth noting that recently, Galaxy Digital, Jump Crypto, and Multicoin Capital announced their plan to establish Forward Industries, a SOL treasury company, to purchase the cryptocurrency, stake it, and generate excess returns. The company successfully closed its PIPE financing on September 11, securing gross proceeds of approximately $1.65 billion.

In the press release, he also highlighted that “there is a real opportunity to drive the flywheel of creating shareholder value that Michael Saylor has pioneered with Strategy (…) by accelerating Solana adoption.”

Meanwhile, Dan Morehead affirmed that Solana is a “category-defining blockchain and the foundation on which a new financial system will be built,” adding that “a productive treasury company, backing the industry’s most affordable, fastest, and most accessible network, stands to substantially increase institutional and retail access to the Solana ecosystem and help fuel its adoption around the world.”