Workflow
Helius Medical Stock Pops 8.5% After Hours On Solana Treasury Purchases

Group 1 - Helius Medical Technologies, Inc. announced a purchase of 760,000 SOL for $175.60 million, initiating its digital asset treasury strategy [2][3] - The stock price increased by over 8% in after-hours trading, recovering from a 33.61% decline during the regular session [2][5] - Helius Medical currently holds over $335 million in cash, which is earmarked for future acquisitions [2] Group 2 - The acquisition follows a recent $500 million funding from Pantera Capital and Summer Capital through a private investment in public equity offering [3] - The cryptocurrency Solana (SOL) has a market cap of $117 billion, with increasing competition among Wall Street firms to add it to their reserves [3] - Helius Medical's stock has surged 157% over the past month, although it currently shows a low growth score in terms of historical earnings and revenue expansion [5]