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Helius Begins Solana Treasury With 760,190 SOL as Shares Swing

The buy launches a Pantera‑backed plan to build a Solana‑focused treasury funded by an oversubscribed $500 million PIPE.

Overview

  • Helius disclosed it acquired 760,190 SOL at an average cost of about $231 per token and retained more than $335 million in cash for additional purchases.
  • The company said Solana will be its principal treasury asset and it aims to scale the program toward roughly $500 million.
  • Management plans to stake SOL and selectively use DeFi to generate on‑chain yield, citing roughly 7% native staking rewards.
  • HSDT fell 33.6% during Monday’s regular session, then rose about 8.6% after hours following the disclosure of the initial SOL purchase.
  • The move places Helius among the larger public‑company SOL holders, following earlier, larger buys by firms such as Forward Industries.