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Solana Treasury Helius Targets 5% Of SOL, Eyes Hong Kong Listing
Helius is looking to expand its Solana treasury to at least 5% of the cryptocurrency’s supply and considering a second listing in Hong Kong. Solana Digital Asset Treasury Firm Helius Aiming For At Least 5% Of SOL As reported by Wu Blockchain , NASDAQ-listed Helius Medical Technologies is planning on acquiring at least 5% of the total SOL supply. The information comes from an interview between the Hong Kong Economic Times (HKET) and Joseph Chee, Executive Chairman of Helius and Chairman of Summer Capital. Helius Medical Technologies is a neurotech company that last month pivoted to a digital asset treasury (DAT) strategy centered around Solana, the cryptocurrency currently ranked sixth by market cap. The firm closed an initial private placement offering, raising over $500 million on September 18th, with the likes of Pantera Capital and Summer Capital among the backers. Helius has since been deploying this capital to purchase SOL for its treasury. According to a press release published Monday, the DAT company now holds more than 2.2 million tokens of the cryptocurrency. To reinforce its shift in business, Helius rebranded to “Solana Company” after receiving board approval on September 29th. The firm stated in the announcement that its mission is to “maximize SOL per share on one of the most commercially viable blockchains for consumer applications while delivering consistent on-chain yield for investors.” At the current Solana price, the company’s treasury is worth around $488.8 million. On top of this, it still holds about $15 million in cash, meaning that the firm already possesses more capital than it initially raised in September. If the firm’s Chairman is to go by, though, the DAT company is nowhere near done with its accumulation. With a target of 5% of the SOL supply in circulation, the goal represents a total investment of over $6 billion at the latest exchange rate. Chee also told HKET that once market cap and regulatory requirements are met, Solana Company is planning a second listing in Hong Kong, which could potentially happen within the next six months. During the latest acquisition announcement, Chee said: HSDT Solana Company’s investment narrative is resonating with institutional investors. We are encouraged by the strong interest coming out of Asia after the major digital assets conferences last week, and we look forward to continuing to be a leading advocate for the Solana ecosystem to a whole new set of investors. Helius’ pivot is just part of a broader SOL treasury wave that the sector has witnessed over the past month. Forward Industries, a design and manufacturing company, completed a $1.58 billion purchase on September 15th as it shifted to a Solana DAT strategy backed by Galaxy Digital, Jump Crypto, and Multicoin Capital. At the start of this month, another player in VisionSys AI, a firm specializing in brain-machine interaction and advanced AI systems, announced a $2 billion SOL DAT program in partnership with Marinade Finance. SOL Price At the time of writing, Solana is trading around $222, down more than 1% over the last week.
bitcoinist·56m ago
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Solana Price Updates Flash Optimism, Cardano Eyes $1, But BlockDAG’s GENESIS Phase Defines Real Blockchain Expansion
The latest Solana (SOL) price updates show the network holding strong around the $230 range after testing resistance near $245, with analysts calling attention to rising institutional interest and upcoming Firedancer upgrades. Meanwhile, the cardano (ADA) price analysis points to...
CryptoNewsLand·3h ago
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While Solana and PEPE Battle Charts, BlockDAG Wins Hearts With F1® Deal and Blockchain Hackathons
Experience how BlockDAG’s F1 simulators and hackathons with BWT Alpine Formula 1® Team turn crypto utility into action while Solana and PEPE fight for chart dominance. Read original article on nftenex.com
nftenex·6h ago
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XRP and Solana ETF Speculation Grows as Whales Seek 40x Opportunities Elsewhere
Discussion about XRP and Solana ETFs has taken the cryptocurrency market by storm, sparking excitement among traders and institutions. Both assets have gained fresh traction as large holders stockpile tokens and send them to cold storage—a classic sign of long-term confidence. After regulatory clarity starts to kick in and ETF filings become popular, investors speculate XRP and Solana will benefit from institutional inflows like Bitcoin and Ethereum. However, new on-chain data tells a more complex story. Although whales remain positive on XRP and Solana, many are diversifying their portfolios. Instead of only putting money into large-cap coins, they’re now investing their capital into emerging altcoins that promise much bigger multiples and early-stage growth potential. Why the ETF Buzz Matters An ETF for XRP would be a first in history, especially after Ripple’s court wins and the regulatory hurdles they cleared. If approved, it could unlock billions in institutional liquidity, further legitimising XRP as a settlement layer for global payments. The pressure is on for a Solana ETF as its network continues ruling the Layer-1 performance battle. Solana’s fast network and growing number of developers give it a good chance of being widely adopted soon. Almost everything is possible in the cryptocurrency market, but historical precedent counts against it. Although these assets are fundamentally strong and reliable, the next leg of growth may be steady rather than explosive in nature. That’s why whale wallets are increasingly rotating capital into small and fast-growing projects. MAGACOIN FINANCE Captures Whale Interest One of the primary beneficiaries of this rotation is MAGACOIN FINANCE, which has quickly established itself as an early project favourite. Analysts’ predictions are for huge returns of 40x by 2025, as the project’s presale is surging and whales are accumulating. MAGACOIN FINANCE is different because its unique story meets the fundamentals of the best coins. The tokenomics of the project understand DeFi utilities. This includes liquidity incentives. It also contains 100% audited contracts. By combining strong branding with genuine utility, this is likely one of the few new projects that strikes a balance between hype and creating value. Whales view this dual strength as a long-term possibility. MAGACOIN FINANCE is becoming a symbol of the new altcoin generation as its presale tiers sell out rapidly and community participation is accelerating, combining community-driven energy with real-world verifiable features. A Market Divided: Stability vs. Multiples In today’s investment environment, established blue-chip players like XRP and Solana are contrasted with rising stars such as MAGACOIN FINANCE. XRP and Solana are increasingly being viewed as institutional-grade assets. These are stable and regulatory-compliant and will attract conservative capital via ETFs. They are trustworthy cornerstones of a growing crypto environment. MAGACOIN FINANCE represents the high reward territory, the place whales go to multiply their capital rather than defend it. With low availability and viral momentum growing, presale action captures the same early-mover excitement that historically propelled projects like Dogecoin and Shiba Inu prior to their remarkable jumps. Whales seem to do both and lock positions in well-established mega-caps like XRP and Solana, while also taking early entries into next-gen plays like MAGACOIN FINANCE. Closing Thoughts The possibility of XRP and Solana ETFs is creating excitement in the crypto market. These changes may herald significant growth and validation for both assets in 2025. But, whale activity paints a broader picture – one where the most upside may be seen in smaller and more nimble projects that are still in infancy. Major capital is pouring into MAGACOIN FINANCE, which is quickly shaping up to be one of the breakout tokens of 2025. Early-stage opportunities like this are rare, and whales never ignore them. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance
cryptopolitan·6h ago
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Solana Price Prediction — Firedancer Upgrade Fuels ETF Buzz and Market Confidence
Solana (SOL) is currently trading at a price range of $222 – $234 which is showing some robust market support […] The post Solana Price Prediction — Firedancer Upgrade Fuels ETF Buzz and Market Confidence appeared first on Coindoo.
Coindoo·8h ago
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What Smart Investors Know That Most Crypto Newbies Don’t
The crypto market in 2025 continues to offer incredible potential, attracting millions of new investors eager to join the next big wave of digital wealth creation. Bitcoin and Ethereum remain the two dominant names, but emerging projects like MAGACOIN FINANCE are capturing massiv...
Cryptopolitan·9h ago
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Solana Surges on Institutional Buy-In, DOGE Eyes Rally, BlockDAG Hits the Global Stage with F1® Deal!
Solana (SOL) is experiencing a sharp upswing this week, with institutional activity pushing its futures open interest past $2.16 billion and exchange-traded products topping $500 million. Meanwhile, Dogecoin (DOGE) is showing signs of renewed life. Trading around $0.30, it’s form...
Crypto Economy·10h ago
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Solana Price Eyes $300 as Institutional Demand Fuels Uptrend
Solana rose 3.57% to $236.46, holding firm above its ascending support line, reflecting renewed investor confidence and market strength. Institutional momentum increased as Solana Company added $530M in SOL to its treasury, tightening supply and supporting long-term valuation. Te...
CoinFutura·10h ago
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Bonk Inc: Solana Meme Coin Goes Corporate as Treasury Firm Rebrands
Solana meme coin treasury company Bonk, Inc., is looking to acquire 5% of the BONK circulating supply by the end of the year.
decrypt·13h ago
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Sorare is migrating its fantasy sports platform from Ethereum’s StarkEx layer to Solana
Fantasy sports and digital collectibles platform Sorare has announced a migration of its operation from Ethereum’s StarkEx layer to Solana. The Softbank-backed platform rationalized the move based on Solana’s speed, low transaction fees, and composability. Along with its SoftBank backing, Sorare also claims partnerships with global leagues like the Premier League and NBA. It clarified that the transition will start in early October, as the platform looks to make the most of its intersection of mainstream sports fandom and crypto infrastructure. Sorare tethers move to openness and scalability taglines In a recent post , Sorare stated that the migration is “more than a technical upgrade,” framing it as a long-term strategy to connect its player cards to the growing crypto economy. “We believe in true digital ownership that extends beyond our own marketplace,” the company wrote. It also said by moving to Solana, it is connecting the Sorare cards of their users to a broader ecosystem. According to Sorare, this means that users will get expanded capabilities and utility on Solana , increased connectedness to the heart of crypto, access to external marketplaces, and expanded payment options including ETH, SOL, and other payment options, and all these are promised to happen in the short term. The migration will enable Sorare users to trade, verify, and store their cards directly through popular Solana-compatible wallets such as Phantom and Backpack. Migration timeline and user impact The transition is scheduled to happen in phases throughout October, and the first item on the list is the migration of Sorare’s Ethereum balances on StarkEx to Base to improve efficiency while still maintaining Ethereum compatibility. By the end of the month, all Sorare cards are expected to be bridged to Solana as NFTs while still maintaining their unique attributes, such as scarcity, season, experience points (XP), and metadata. Existing gameplay, collections, and ownership will remain intact. However, those who prefer to keep their assets outside the new environment can withdraw them to the Ethereum mainnet before migration. However, any cards moved externally would need to be bridged back to Solana for continued trading on Sorare’s marketplace . Sorare’s move also enhances the platform’s payment and reward flexibility, with both ETH and SOL now supported across its marketplace and tournaments. Implications for Solana and Sorare’s plans for the future For Solana, the integration marks another high-profile validation of its technical infrastructure and growing role in the next generation of blockchain applications beyond the NFT art and DeFi circles, as it now extends into mainstream entertainment and sports. The migration of Sorare’s platform could also open doors to future collaborations between Solana-based gaming projects and major sports franchises. At the same time, Sorare mentioned that it is exploring every opportunity in front of it, from community partnerships, new forms of gameplay and the possible expansion of its ecosystem via a Sorare token, stating that it is building a future where everything is on the table, thanks to the migration. Join a premium crypto trading community free for 30 days - normally $100/mo.
cryptopolitan·14h ago

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AboutSolana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. It is a layer 1 network that offers fast speeds and affordable costs. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
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Date
Market Cap
Volume
Close
October 10, 2025
$120.79B
$7.47B
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October 10, 2025
$120.57B
$7.93B
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October 09, 2025
$125.08B
$7.38B
$229.06
October 08, 2025
$120.65B
$9.43B
$220.92
October 07, 2025
$126.92B
$7.57B
$232.60
October 06, 2025
$124.72B
$7.16B
$228.54
October 05, 2025
$124.31B
$4.63B
$227.94
October 04, 2025
$127.15B
$9.41B
$233.06
October 03, 2025
$127.36B
$10.24B
$234.62
October 02, 2025
$120.04B
$8.47B
$221.22

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