Overview

• The private placement was led by Pantera Capital and Summer Capital, with participants including FalconX, Animoca Brands and HashKey Capital.
• The package includes $750 million in three-year stapled warrants exercisable at about $10.13 per unit, and the offering is expected to close later this week.
• Governance changes include Summer Capital’s Joseph Chee becoming executive chairman, a board role for Pantera’s Cosmo Jiang and an advisory post for Pantera founder Dan Morehead.
• Helius plans to accumulate SOL over 12–24 months and to pursue staking yields around 7% alongside DeFi and lending deployments under a conservative risk framework.
• Shares closed up about 141% after intraday gains above 200%, as the company joins a fast-growing SOL treasury race that includes Forward Industries’ roughly $1.58 billion purchase and Pantera’s disclosure of about $1.1 billion in SOL holdings.