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- Due to the Helios plan issuing $1.25 billion in bonds, the demand for Solana treasury bonds and ETF inflows has increased:
- Helius Medical Technologies announced plans to raise $1.25 billion to create a SOL treasury.
- Forward Industries purchased 6.8 million SOL, worth approximately 1.5 billion dollars.
- The Solana ETF recorded an inflow of $198 million last week, following a record single-day inflow of $145 million.
On Monday, Solana's corporate acquisition activity significantly increased, driven by Helios Medical Technologies launching a $1.25 billion stock offering and Forward Industries purchasing $6.8 million worth of stock. This acquisition coincides with a rise in institutional demand over the past week, as Solana's investment products recorded a net inflow of $198 million within the week.
Against the backdrop of strong ETF inflows and robust Treasury purchases, the demand for Solana has increased.
Helios Medical Technologies is seeking to raise $1.25 billion to launch a Solana fund, according to a statement released on Monday.
This transaction is led by investment firms Pantera Capital and Samer Capital, including over $500 million in potential returns from private equity investment (PIPE) and $750 million from the sale of the issuance.
The subscription is expected to end on Thursday, depending on the ending conditions. After the subscription ends, Joseph Chi, the founder and chairman of Summer Capital, will serve as the president of the company and will also hold the position of CEO.
Tse said: "Our argument is that all capital market transactions, from tokenization to payments, will move to the blockchain, and Helius aims to connect public markets to the Solana network, where we expect most of the activity to take place."
Helius Medical Technologies' stock rose by approximately 160% on Monday, following the announcement.
At the same time, Forward Industries (FORD) announced on Monday that it has purchased 6.8 million units of SOL, worth $1.5 billion. The company used $1.65 billion from its recently closed PIPE financing, which was led by Galaxy Digital, Jump Crypto, and Multicoin Capital.
The increase in SOL treasury bonds aligns with the rising demand for Layer-1 tokens from institutions.
According to CoinShares data, Solana's exchange-traded product (ETPs) recorded a single-day inflow of 145 million dollars last week, with a total weekly inflow of 198 million dollars.
This growth confirms the increasing demand from traditional investors and boosts optimism about the potential approval of a Solana exchange-traded fund in the United States. According to Bitwise, as the company increases its holdings, the price of SOL may rise in the coming months.
Last week, Bitwise's Chief Investment Officer Matt Hogan predicted in a statement to investors that Solana could surge due to institutional demand before the end of the year.
Despite some recent progress, the SOL index has fallen by 6% in the past 24 hours.