Pantera and Summer Capital raise $1.25 billion to turn neurotech firm into Solana treasury company

A new digital assets treasury company is set to hit the public markets. On Monday, a neurotechnology company called Helius Medical Technologies announced that it was raising up to $1.25 billion in a private shares sale to stockpile Solana, one of the world’s largest cryptocurrencies. The deal included $500 million of capital on hand and $750 million in warrants to fund future purchases of Solana. Pantera Capital, one of the biggest venture capital firms in crypto with over $5 billion in assets under manage ...