Core Insights - VisionSys AI Inc. has announced the establishment of a digital asset treasury (DAT) focused on brain-machine interaction and advanced AI [1] - The company’s subsidiary, Medintel Technology Inc., is partnering with Marinade Finance to launch a Solana-focused DAT valued at up to $2 billion [2] - VisionSys AI aims to stake $500 million in SOL within six months, leveraging the proof-of-stake consensus mechanism [4] Company Developments - The DAT will allow VisionSys AI to hold significant amounts of crypto assets, similar to traditional cash or commodities [1] - The partnership with Marinade Finance is seen as a strategic move to integrate digital assets into the company's operations, combining AI algorithms with Solana's blockchain [6] - Following the announcement, VisionSys AI's stock experienced a significant drop of over 60%, but began to recover shortly after [7] Market Reaction - VisionSys AI's stock fell to as low as $1.26 before recovering to $2.24 [7] - In contrast, the price of SOL increased by more than 5% within 24 hours, trading at $219.86 [7]
AI stock crashes 60% on shocking crypto announcement