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1h ago

Helius Executes First Solana Treasury Purchase as Shares Fall 16%

The NASDAQ-listed firm now holds 760,190 SOL at a $231 cost basis with more than $335 million earmarked for further accumulation.

Helius acquires 760,190 Solana as part of treasury strategy

Overview

  • Helius acquired 760,190 SOL to initiate its Solana-focused digital asset treasury.
  • The company reported an average purchase price of $231 per token, valuing the position near $168 million.
  • Management framed the plan as a long-term SOL holding strategy supported by on-chain yield and ecosystem growth.
  • HSDT shares fell roughly 16% on the disclosure after jumping last week on the treasury financing news.
  • The move follows an oversubscribed PIPE of about $500 million led by Pantera Capital and Summer Capital, placing Helius among the first NASDAQ-listed firms to pursue a primary SOL treasury.