A new digital assets treasury company is set to hit the public markets. On Monday, a neurotechnology company called Helius Medical Technologies announced that it was raising up to $1.25 billion in a private shares sale to stockpile Solana, one of the world’s largest cryptocurrencies. The deal included $500 million of capital on hand and $750 million in warrants to fund future purchases of Solana.
Pantera Capital, one of the biggest venture capital firms in crypto with over $5 billion in assets under management, and Summer Capital, an investment firm headquartered in Hong Kong, led the fundraise. Other participants included the crypto prime brokerage FalconX, the venture investor Animoca Brands, and Laser Digital, the crypto arm of the Japanese investment bank Nomura.
