Helius Medical Technologies ($HSDT) surged 141% after announcing a $500 million private placement to build a Solana (SOL) treasury. The PIPE deal was led by Pantera Capital and Summer Capital, with investors including Animoca Brands, FalconX, and HashKey Capital. Shares closed at $18.27, up 141%, recovering ground lost since December 2023. Solana traded around $233, up nearly 60% in the past three months, sparking interest in corporate treasuries in the token. Other companies like Forward Industries, Sharps Technology, Upexi, and DeFi Development Corp have also revealed large Solana holdings.

Read more at Quiver Quantitative: Helius Shares Surge 141% on $500 Million Solana Treasury Raise