Helius Launches Latest Solana Treasury with $500 Million Private Placement
Helius Medical Technologies raised $500 million for Solana treasury reserves, becoming the second-largest SOL holder. Meanwhile, staking deposits increased by $2.5 billion as the token trades at $236.82.
Helius Medical's $500M private placement makes it the second-largest Solana treasury holder after Forward Industries.
Solana staking deposits climbed from 400.8M to 411.3M SOL tokens, adding $2.5 billion in value over one week.
SOL price faces critical $240 support test with potential rebound targets at $250 or downside risk to $214.
On Friday, Sept. 19, Nasdaq-listed Helius Medical Technologies (HSDT) announced the completion of a $500 million private placement to establish a SolanaETH$2 99024h volatility:2.4%Market cap:$360.86 BVol. 24h:$24.70 B
treasury reserve. The transaction included common stock and stapled warrants, structured to potentially raise more than $1.25 billion if all warrants are exercised.
Solana Treasury Reserve Entities as of Sept. 19, 2025 | Source: SentoraResearch
The $500 million investment, co-led by Pantera Capital and Summer Capital, places Helius’ crypto net asset value (NAV) second largest among Solana treasury entities, behind Forward Industries which has crossed total holdings of $1.6 billion according to SentoraResearch data.
According to Solana Floor, Helius also stated that its treasury strategy will focus on holding SOL as the core reserve asset, citing Solana’s ~7% native staking yield as a competitive advantage over non-yield-bearing assets like Bitcoin.
Beyond staking, the firm expects to allocate selectively into decentralized finance and on-chain protocols to generate additional passive income while maintaining a conservative risk profile.
On-chain data shows Solana staking inflows have been trending upward over the past week. StakingRewards.com data reveals deposits increased from 400.8 million SOL on Sept. 12 to 411.3 million SOL at press time on Sept. 19.
Solana Staking Deposits Rise $2.5 Billion between Sept. 12 and Sept. 19 | Source: StakingRewards.com
Valued at current prices, the increased staking deposits of 10.5 million SOL are worth approximately $2.5 billion.
For proof-of-stake networks, rising staking participation enhances network security while signaling that large stakeholders are opting to lock up assets instead of exiting amid the 5% intraday price downturn.
Solana Price Forecast: Rebound Hopes Hinge on $240 Support
At press time, Solana traded at $236.82, down 4.33% on the day, plunging below the critical support level 7-day Simple Moving Average (SMA) near $240.
However, the MACD remains bullish, with the signal line at 12.52 above the red line at 11.43, though the histogram shows weak market activity.
Solana’s daily trading volume on Binance stands at $711 million, down 27% from the $970.6 million the previous day. However, the decline in volume suggests sellers may lack conviction, leaving room for a potential rebound if buy-side support emerges.
If Solana sustains the $240 support, bulls may attempt a rebound toward $250 and beyond. Conversely, a break below $235 could see Solana’s price tumble toward the 30-day SMA of $214 before finding another major supply zone.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
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