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Solana Demand Soars 📈 – Treasury Bids & ETF Inflows Surge as Helius Plans $1.25B SOL Offering 🚀
Helius Medical Technologies intends to raise $1.25 billion for a SOL treasury.
Forward Industries bought 6.8 million SOL for $1.5 billion.
Solana ETFs saw $198 million inflows last week, after their greatest single-day influx of $145 million.
Helius Medical Technologies (HSDT)'s $1.25 billion IPO and Forward Industries' 6.8 million SOL buy boosted corporate acquisition activity on Monday for Solana (SOL). The acquisition coincided with $198 million in weekly net inflows for SOL financial products from institutions.
ETF and government purchases boost solana demand.
Helius Medical Technologies said Monday that it needed $1.25 billion to create a Solana treasury.
The Pantera Capital and Summer Capital-led transaction includes approximately $500 million in PIPE funds and $750 million from a sales offering.
The deals should expire Thursday, subject to closing circumstances. After the offering, Summer Capital founder and chairman Joseph Chee will chair and serve as Executive Chairman.
"Our thesis is that all capital markets transactions, from tokenization to payments, are moving onto blockchain rails, and Helius aims to bridge public markets with the Solana network, where we expect the majority of that activity to take place," he added.
Helius Medical Technologies shares rose over 160% on Monday after the news.
On Monday, Forward Industries (FORD) bought 6.8 million SOL for $1.5 billion. Galaxy Digital, Jump Crypto, and Multicoin Capital sponsored the $1.65 billion PIPE financing that funded the transaction.
SOL treasuries soar as institutional Layer-1 token demand rises.
According to CoinShares, Solana ETPs saw a record $145 million single-day influx last week, bringing their weekly inflows to $198 million.
The spike indicates more interest from conventional investors and raises hopes for US spot Solana ETF certification. Bitwise expects SOL prices to grow in the next months due to corporate stockpiling.
#solana #SummerOfSolana? $SOL
Helius Medical Technologies intends to raise $1.25 billion for a SOL treasury.
Forward Industries bought 6.8 million SOL for $1.5 billion.
Solana ETFs saw $198 million inflows last week, after their greatest single-day influx of $145 million.
Helius Medical Technologies (HSDT)'s $1.25 billion IPO and Forward Industries' 6.8 million SOL buy boosted corporate acquisition activity on Monday for Solana (SOL). The acquisition coincided with $198 million in weekly net inflows for SOL financial products from institutions.
ETF and government purchases boost solana demand.
Helius Medical Technologies said Monday that it needed $1.25 billion to create a Solana treasury.
The Pantera Capital and Summer Capital-led transaction includes approximately $500 million in PIPE funds and $750 million from a sales offering.
The deals should expire Thursday, subject to closing circumstances. After the offering, Summer Capital founder and chairman Joseph Chee will chair and serve as Executive Chairman.
"Our thesis is that all capital markets transactions, from tokenization to payments, are moving onto blockchain rails, and Helius aims to bridge public markets with the Solana network, where we expect the majority of that activity to take place," he added.
Helius Medical Technologies shares rose over 160% on Monday after the news.
On Monday, Forward Industries (FORD) bought 6.8 million SOL for $1.5 billion. Galaxy Digital, Jump Crypto, and Multicoin Capital sponsored the $1.65 billion PIPE financing that funded the transaction.
SOL treasuries soar as institutional Layer-1 token demand rises.
According to CoinShares, Solana ETPs saw a record $145 million single-day influx last week, bringing their weekly inflows to $198 million.
The spike indicates more interest from conventional investors and raises hopes for US spot Solana ETF certification. Bitwise expects SOL prices to grow in the next months due to corporate stockpiling.
#solana #SummerOfSolana? $SOL
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