Overview

• The Nasdaq-listed company outlined an up-to-$2 billion Solana strategy that begins with acquiring and staking $500 million in SOL within six months.
• Operations will run through subsidiary Medintel under an exclusive partnership with Marinade Finance, which manages about $2.2 billion in delegated SOL.
• A May SEC filing showed just $15 million in cash at year-end 2024, and a spokesperson later said the plan will be funded through a mix of structured financing and equity.
• VSA shares sank as much as 57% to 60% intraday before recovering part of the loss, while SOL rose roughly 5% to 7% and Marinade’s token posted double-digit gains.
• VisionSys appointed early Solana backer Hakob Sirounian as chief strategy officer to steer blockchain and decentralized technology initiatives.