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Solana treasury demand and ETF inflows rise as Helius plans $1.25 billion SOL offering
Solana (SOL) experienced a surge in corporate acquisition activity on Monday, following a $1.25 billion offering from Helius Medical Technologies (HSDT) and a 6.8 million SOL purchase by Forward Industries. The purchase coincides with a rise in institutional demand over the past week as SOL investment products recorded $198 million in weekly net inflows. Helius Medical Technologies wants to raise $1.25 billion to launch a Solana treasury, according to a statement on Monday. The deal, led by investment firms Pantera Capital and Summer Capital, comprises over $500 million in potential proceeds from a private investment ... (full story)
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