Helius Makes Bold $167M Solana Purchase as Corporate Treasuries Pivot to Crypto

Helius just dropped a nine-figure bet on Solana—and corporate treasury strategies may never look the same.

The $167 million acquisition signals a fundamental shift in how institutions view digital asset allocation. Forget boring bonds and stagnant cash reserves—this move screams conviction in blockchain's infrastructure play.

Why Solana? Speed, scalability, and a developer ecosystem that's eating traditional finance's lunch. While legacy banks debate blockchain integration, forward-thinking companies are building the rails themselves.

This isn't dip-buying—it's strategic positioning. Helius recognizes what Wall Street still misses: digital assets aren't just speculation, they're operational infrastructure.

Corporate treasuries typically move with glacial caution. But when you see nine figures flowing into crypto-native infrastructure, it suggests the smart money knows where the real yield—and innovation—lives.

Meanwhile, traditional finance continues to over-engineer solutions to problems crypto already solved. Some things never change—except corporate balance sheets, apparently.

From neurotech to Solana treasury company

Helius first outlined its digital asset treasury strategy earlier this month when it raised $500 million in a deal led by Pantera Capital and Summer Capital. That raise preceded a 250% surge in HSDT shares on September 12, a sign that investors saw the pivot as more than a passing experiment.

The September 22 announcement confirms that Solana will anchor the company’s treasury approach, with plans to scale the position over the next 12 to 24 months while exploring staking and DeFi opportunities under what the firm describes as a conservative risk framework.

Helius now occupies a notable position in a rapidly emerging cohort of public companies betting on Solana. Data from CoinGecko tracks nine entities holding a combined 13.4 million SOL, valued at approximately $2.95 billion.

While Helius’s $167 million stake is significant, it places the company behind the current leader, Forward Industries, which holds 6.8 million SOL. Other major holders include DeFi Development Corp. (2.09 million SOL), Upexi (2.01 million SOL), and Sharps Technology (2 million SOL), illustrating a clear trend of corporate capital flowing into the network.

Helius (HSDT) slipped 18% following the Sept. 22 announcement.