Solana Financial Firm Helius to Acquire 5% of SOL Tokens and List on Hong Kong Stock Exchange
Solana financial firm Helius, recently renamed Solana Company, is strengthening its digital asset strategy with a bold plan to acquire 5% of all SOL tokens, valued at over $6 billion, and a strategic push toward a Hong Kong stock exchange listing. This move aims to position the company as a key institutional holder within the Solana ecosystem.
According to CEO Joseph Chee, the company plans to deploy $15 million in cash to expand its crypto hoard, which currently holds 2.2 million SOL. This aggressive accumulation of Solana by institutional players signals a mature crypto market where diversification beyond other digital assets is becoming the norm.
Solana Treasury Offerings Gain Traction
The company’s preference for a Solana treasury over an Ethereum-based one is due to Solana’s higher transaction throughput, with over 1,500 transactions per second, offering superior scalability and cost efficiency. This emphasis on performance is consistent with the company’s broader commitment to long-term ecosystem growth.
Solana Company has secured support from institutions such as Pantera Capital and Xia Yan Capital and formalized a partnership with the Solana Foundation to drive ecosystem-level development across Asia. The growing institutional interest in SOL reflects a broader shift beyond Bitcoin and Ethereum as companies explore next-generation blockchains to diversify their finances.
Institutional Interest in SOL on the Rise
In total, Solana digital asset treasury companies (DATs) now hold 17.8 million SOL, representing 3.10% of the 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.
The company’s plans to list on the Hong Kong stock exchange within the next six months, depending on market capitalization and regulatory benchmarks, signal a strategic move to adapt to Asia’s growing crypto infrastructure. As more public companies push to own powerful blockchain assets like SOL, their role as a strategic treasury asset could increase, potentially impacting the growth of the ecosystem in the coming years.
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