Helius Medical Technologies announced the launch of a treasury strategy focused on Solana $SOL . The company plans to make assets reserve-backed, utilizing over $500 million raised through a private placement of public equity.

As part of the offering, investors will receive common shares or pre-funded warrants at a price of $6.881. They will be valid for three years from the date of issuance. If the warrants are fully exercised, the total amount of the deal will exceed $750 million.

It is known that the financing was led by Pantera Capital and Summer Capital. Other participants in the deal include: Big Brain Holdings, Avenir, SinoHope, FalconX, Arrington Capital, Animoca Brands, Aspen Digital, Borderless, Laser Digital, HashKey Capital, and Republic Digital.

The closing of the deal is expected around September 18, 2025.