- Helius Medical invested $500 million into Solana reserves, becoming the second-largest SOL treasury after Forward Industries’ holdings.
- Solana staking deposits surged by $2.5 billion this week, with tokens rising from 400.8 million to 411.3 million.
Helius Medical Technologies, a publicly traded company on the Nasdaq, has completed a $500 million private placement to increase its Solana treasury reserves. This action places Helius as the second-largest Solana treasury holder, trailing only Forward Industries, which currently manages more than $1.6 billion in SOL reserves. The latest investment was led by Pantera Capital and Summer Capital, reflecting growing interest among institutional investors in Solana’s yield and technical features.
Helius structured the deal using common stock and stapled warrants. If fully exercised, the warrants could bring the total value of Helius’s Solana-related assets to over $1.25 billion. The company has stated its intention to hold SOL as a core reserve asset, with executives citing Solana’s native staking yield of roughly 7% as a central factor in the decision. Unlike Bitcoin, which does not offer yield, SOL staking provides a steady stream of income while retaining exposure to price appreciation.
Recent on-chain data supports Helius’s bullish outlook. Solana staking deposits climbed by $2.5 billion in just one week, rising from 400.8 million to 411.3 million SOL tokens. At the same time, the price of SOL faces a technical test at $240. ETHNews analysts are watching for a rebound to $250 if support holds, while a downside move toward $214 could materialize if buyers fail to defend current levels.
Helius’s move comes as corporate treasury strategies increasingly include digital assets with yield opportunities. The trend marks a shift away from passive Bitcoin holdings toward more active management using high-yield proof-of-stake tokens. As institutions explore Solana’s potential, its standing in treasury management and decentralized finance continues to expand.
Solana (SOL) is trading at $237.67, down 3.99% over the past 24 hours. Despite the correction, SOL has gained 3.85% in the past week, 34.86% over the past month, and 84.97% in the last six months. Year-to-date, it is up 25.85%, with a market capitalization of $129.04 billion and daily trading volume of $7.8 billion.
Solana recently broke above $245, reaching a high near $253, before retracing to current levels. Analysts see $240 as a key support level, while resistance is forming around $250–$253. If buyers defend current levels, SOL could retest $253 and aim toward the $270 zone. However, a break below $240 may lead to a pullback to $225–$228.
Institutional interest continues to rise. Grayscale Investments has launched the Grayscale CoinDesk Crypto 5 ETF on NYSE Arca, with Solana included among the top five digital assets. This inclusion adds credibility to Solana’s position alongside Bitcoin, Ethereum, and other large-cap tokens. Market sentiment is also buoyed by expectations of further Federal Reserve rate cuts, which could improve liquidity and strengthen altcoin demand into Q4 2025.
From a technical perspective, both oscillators and moving averages suggest a neutral setup, reflecting consolidation after recent gains. Traders remain cautious but optimistic, with some eyeing a longer-term target of $300 if Solana sustains momentum into the year-end.
ETHNews prediction: If Solana holds above $240 and breaks $253 with volume, it could climb toward $268–$275 within 7–10 days. If support fails, a correction to $225 is likely before the next bullish attempt.
