The name change signals deeper alignment with the blockchain industry.
The company will enjoy various benefits, including discounted SOL coins and joint initiatives.
Solana Company focuses on creating a crypto treasury strategy centered on SOL purchases.
Helius Medical Technologies, Inc. (Nasdaq: HSDT) has officially rebranded as Solana Company, signaling a bold shift as it dives deeper into the blockchain sector.
đ¨NEW: Helius Medical Technologies has rebranded to âSolana Companyâ and signed a non-binding agreement with @Solana Foundation. The agreement includes âSolana By Designâ terms: all activity on Solana, joint initiatives, and an option to buy SOL at a discount. pic.twitter.com/XF5pkN7TXS
â SolanaFloor (@SolanaFloor) September 29, 2025
The move comes after the neurotech firm recently raised $500 million (backed by top names including Summer Capital and Pantera Capital) in mid-September to launch a Solana treasury.
The rebrand reflects a strategic alignment with Solanaâs blockchain sector, recognized as the fastest-growing ecosystem in digital assets.
Such dedications demonstrate confidence in Solanaâs future potential.
Commenting on the rebrand, Helius Executive Chairman and Summer Capitalâs Chair Joseph Chee says:
HSDTâs announcements today, including a corporate name change and agreement with the Solana Foundation, showcase its long-term conviction in Solana. The clear long-term alignment is a show of support and a sign of strength for the Solana Companyâs mission.
HSDT deepens ties with Solana Foundation
Besides the name change, the firm, together with some investors, signed a non-binding letter of intent with the Solana Foundation.
What does this mean? Well, the agreement outlines various commitments (âSolana By Design).
These include ensuring all blockchain activities happen exclusively on the Solana blockchain, hosting events to highlight the networkâs capabilities, and partnering on institutional referrals.
Most importantly, the deal gives Solana Company a crucial financial lever.
The firm can purchase SOL assets from the Foundation at discounted prices.
Meanwhile, it can leverage such perks to strengthen its treasury position, which in turn boosts the Solana ecosystem.
Fueling Solana adoption with Digital Asset Treasury
Besides the name change and deepened collaboration, Solana Company plans to form a digital asset treasury (DAT) centered around SOL assets.
This month, Helius Medical confirmed raising $500 million, dedicated to funding its cryptocurrency treasury plans.
đ¨BREAKING: Helius Medical Technologies, Inc. (Nasdaq: HSDT) announced an oversubscribed $500M PIPE led by @PanteraCapital and Summer Capital to launch a Solana treasury company. The vehicle includes $750M in stapled warrants, with potential to scale above $1.25B. pic.twitter.com/VxAXgDp44d
â SolanaFloor (@SolanaFloor) September 15, 2025
Meanwhile, benefits such as speed, scalability, and yield possibly attracted the firm to Solana.
It can utilize SOLâs yield-bearing mechanism, which offers about 7% native staking yield, to magnify returns on its crypto holdings.
Solana has more monetary gains than non-yield-generating cryptocurrencies like Bitcoin.
HSDT strategic advisor and Panteraâs managing partner, Dan Morehead, said:
DATs are providing access to the blockchain market to a new kind of investor. Solana Company is well set up to be the preeminent SOL DAT by introducing Solana to a growing audience.
SOL price outlook
Solanaâs native token traded in the green today, fueled by broader recoveries.
The global crypto market cap increased by over 2.7% in the past day to $3.9 trillion.
SOL trades at $208 following a 2% increase in its daily chart.
The 85% uptick in 24-hour trading volume signals improving sentiments as the altcoin looks to rebound after plunging from mid-September peaks of $250.
Meanwhile, institutional interest, including RWA dominance, positions SOL for remarkable performance in the coming months and years, with proponents targeting the $1,000 milestone.
Be the first to comment