Solana Company Raises $500M to Build Solana Treasury Fund

Solana Company Raises $500 Million to Build Solana Corporate Reserve

Written by Aaron S.,

Editor-In-Chief

Last Updated: October 06, 2025

Key Takeaways

Solana Company plans to build a $500 million Solana crypto reserve using funds from a private stock sale priced at $6.88 per share;
The company will grow its Solana holdings and explore staking and lending while keeping a low-risk approach to treasury management;
The funding round, led by Pantera and Summer Capital, brings in major backers and appoints Joseph Chee as executive chairman.

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Solana Company (formerly Helius Medical Technologies), a company listed on Nasdaq, has announced plans to build a $500 million reserve of Solana SOL $194.45 .

To support this plan, Solana Company completed a private stock sale, which offered shares at $6.88 each. Investors also received warrants, contracts that allow them to purchase additional shares for $10.12 over the next three years.

In total, the equity funding adds up to $500 million, with the potential for $750 million more if all warrants are used.

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The funds will be used to buy and manage Solana tokens over the next year or two. The company plans to grow its holdings and uses a mix of public market tools, including stock sales and other established methods.

It will also explore ways to earn extra income through activities such as staking and lending Solana, while maintaining a cautious approach to risk.

Dan Morehead of Pantera Capital said that Solana Company's initiative could help more people and institutions gain access to the Solana network.

As part of this transition, Joseph Chee will step in as executive chairman of Solana Company. He currently leads Summer Capital and formerly headed investment banking in Asia for UBS.

The investment round is led by Pantera Capital, a US-based cryptocurrency investment firm, and Summer Capital, an Asian asset manager. Other backers include Avenir, Big Brain Holdings, FalconX, Arrington Capital, Animoca Brands, and HashKey Capital.

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