Helius Builds Digital Treasury With Acquisition of 760,000 SOL Tokens

Helius Medical Technologies (NASDAQ: HSDT) has announced the acquisition of over 760,000 SOL tokens as part of a new treasury strategy focused on the Solana ecosystem. The company purchased 760,190 SOL at an average price of $231 per token, with the total value of the transaction reaching approximately $175 million. Helius plans to continue these acquisitions, using more than $335 million from its cash reserves.

According to the company, the goal is to become a long-term institutional holder of Solana’s native token and support the network’s growth and security. The strategy marks Helius’ first major move into digital assets, at a time when more traditional companies are exploring the use of cryptocurrencies in their financial operations.

Helius representatives stated that the initiative was well received within the Solana ecosystem, gaining support from staking providers and DeFi protocols. The company emphasized that this move is part of a broader plan to maximize shareholder value while maintaining its position as a leader in innovative medical technologies.