Helius Medical Technologies Launches $500M Solana Treasury as Shares Surge 140%

Medical device maker bets big on crypto—and Wall Street loves it.

Solana Gets Corporate Endorsement

Helius Medical Technologies just allocated half a billion dollars to Solana, making one of the largest corporate treasury moves into crypto this year. The announcement sent shares skyrocketing 140% as investors cheered the aggressive digital asset strategy.

Market Reacts With Frenzy

Traders piled into the stock following the treasury reveal, pushing the medical technology firm's valuation to new heights. The move signals growing confidence among traditional companies that crypto assets belong on corporate balance sheets—not just in retail portfolios.

Institutional Adoption Accelerates

While hedge funds and family offices have been quietly accumulating crypto for years, Helius's massive allocation shows mainstream corporations are finally waking up to blockchain's potential. The timing couldn't be better—or more suspiciously coordinated with the stock's rally.

Because nothing boosts shareholder confidence like converting cash into volatile digital assets that could evaporate faster than a hospital patient's privacy rights. At least they didn't buy NFTs.

SOL treasury race heats up

Helius Medical Technologies is now part of a small list of eight other public companies that have introduced similar strategies over the past months. 

According to data tracked by CoinGecko, DeFi Development Corp., formerly known as Janover Inc., an online marketplace for the real estate sector that pivoted into a Solana treasury company earlier this year, stands as the largest corporate holder of SOL with over 2.02 million tokens.

Closely following is Upexi Inc., a Tampa-based Solana treasury company, and Sharps Technology, a medical device and pharmaceutical packaging company, both of which now hold over 2 million SOL tokens in their treasuries.