Solana treasury company Helius is ramping up its digital asset strategy with a bold plan to acquire 5% of all SOL tokens and a strategic push toward public listing in Hong Kong.
Summary
- Solana treasury company Helius plans to accumulate over 5% of SOL supply, worth over $6 billion.
- The firm recently rebranded as Solana Company and targets a Hong Kong listing within six months.
- Solana Company currently holds 2.2 million SOL and aims to deploy $15 million in cash to expand its crypto treasury.
Helius Medical Technologies, now rebranded as Solana Company, is intensifying its treasury strategy. Executive Chairman Joseph Chee revealed this in a recent interview, stating that the company plans to acquire up to 5%, around over $6 billion of the total Solana supply, to position itself as a major institutional holder within the ecosystem.
Chee also announced plans to pursue a secondary public listing in Hong Kong within the next six months, pending market capitalization and regulatory benchmarks. “We will come here as soon as possible,” he stated, signaling a strategic move to align with Asia’s growing crypto infrastructure.
The executive justified the company’s preference for a Solana treasury over an Ethereum-based one, citing Solana’s higher transaction throughput, over 1,500 transactions per second, which he believes offers superior scalability and cost-efficiency. He added that the emphasis on performance aligns with the company’s broader commitment to long-term ecosystem growth.
Meanwhile, the firm has secured backing from institutions such as, Pantera Capital, Xia Yan Capital, and formalized a partnership with the Solana Foundation to drive ecosystem-level development across Asia.
Solana treasury bids gain traction
The latest move builds on Solana Company’s recent report that it now holds over 2.2 million SOL (SOL), and intends to deploy $15 million in cash to expand its digital asset treasury.
The growing institutional interest in SOL reflects a broader shift beyond Bitcoin and Ethereum as firms explore next-gen blockchains for treasury diversification. Collectively, Solana digital asset treasury firms (DATs) now hold 17.8 million SOL, accounting for 3.10% of total supply.
Forward Industries leads with 6.822 million SOL, followed by Sharps Technology with 2.140 million SOL. Other notable institutions include DeFi Development Corp., and Upexi, which also holds over 2 million SOL.
This aggressive accumulation of Solana by institutional players signals a maturing crypto market, where diversification beyond to other digital assets is becoming the norm. As more public firms push towards owning high-performance blockchain assets like SOL, its role as a strategic treasury asset may increase, potentially affecting the growth of the ecosystem in the coming years.
Source: https://crypto.news/solana-treasury-company-helius-eyes-5-of-supply-public-listing-to-boost-strategy/
