Key takeout
- Helius, a company registered with NASDAQ (HSDT), has acquired 760,190 Solana (SOL) tokens for the Ministry of Finance reserves.
- The company recently raised more than $500 million in funding for the Treasury Department, focusing on Solana.
Helius, a publicly listed company listed on NASDAQ under Ticker HSDT, has acquired 760,190 Solana Tokens as part of its financial strategy, the company announced today.
Neurotechnology and Medical Device Firm recently raised more than $500 million in funding partnership to establish a Solana-focused Treasury Department.
In recent years, the adoption of Crypto Assets by the Ministry of Corporate Treasury has skyrocketed, with companies like Strategies holding billions of Bitcoin. Helius's move reflects a similar strategy for Solana, indicating a growing institutional interest in alternative blockchains beyond Bitcoin.
The Solana ecosystem grows rapidly, processing tens of thousands of transactions per second on average, hosting common distributed finance and NFT projects. Blockchain native tokensols are used for transaction fees, staking and governance within the ecosystem.
The acquisition is based on the tendency for companies to diversify reserves amid volatile Fiat currency and inflation concerns, and Helius positions it as a focus among the first major public companies, particularly on the property of the Solana Treasury.
