$2 Billion Play 🚀 – VisionSys Powers Solana’s Next Growth Phase
VisionSys AI and Marinade Finance announce a $2 billion Solana treasury.
The group plans to buy $500 million in SOL within six months.
SOL is hitting $219 resistance after climbing 7% in 24 hours.
VisionSys AI announced a $2 billion SOL treasury with Marinade Finance on Wednesday, boosting Solana (SOL) by 7%.
VisionSys announces $2 billion Solana treasury
On Wednesday, AI healthcare and biotech solutions provider VisionSys announced a Solana-based treasury program using staking protocol Marinade Finance.
Medintel Technology, a VisionSys company, inked an exclusive framework deal with Marinade to establish a $2 billion digital treasury program. Over the following six months, the government will acquire and stake SOL for $500 million.
Marinade Finance, the firm's sole staking and ecosystem partner, will manage staking operations, security, and performance.
"By leveraging Marinade's unparalleled expertise, we are not just strengthening our treasury; we are building a foundation for the future," stated VisionSys CEO Heng Wang.
The alliance seeks to create new DeFi applications using VisionSys' AI and Solana blockchain. VisionSys said the measure would boost liquidity and balance sheet.
VisionSys joins Forward Industries, which financed $1.65 billion in September to start a SOL treasury. The corporation has nearly 6 million SOL, the most of any public Solana holder.
Other SOL holders include DeFi Development Corp., Sol Strategies, and Upexi. The Strategic SOL Reserve website reports 20.92 million SOL worth $4.59 billion for these businesses.
SOL rose 7% in 24 hours as bulls defended $209 support. The Layer 1 token has broken its 50-day SMA resistance and is testing the 61.8% Fibonacci (Fib) Retracement barrier at $219. A strong rise over $219 might take SOL into $252, the 78.6% Fib Retracement target.
SOL might return to $209 support if rejected at $219.
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