Overview

• Nasdaq-listed VisionSys outlined a Solana-focused treasury strategy targeting up to $2 billion, starting with $500 million in SOL purchases and staking over six months.
• The program will be executed by subsidiary Medintel through an exclusive operational partnership with Marinade Finance, a leading Solana staking platform.
• A company spokesperson said the purchases will be funded through a diversified model combining structured financing with equity, following scrutiny of an SEC filing showing about $15 million in cash at year-end 2024.
• VSA stock fell sharply after the announcement, with reports of intraday declines ranging from roughly 45% to as much as 57%.
• VisionSys also named early Solana backer Hakob Sirounian as chief strategy officer, joining a broader cohort of public firms building sizable SOL treasuries.