VisionSys AI Stock Crashes 57% on $2B Solana Treasury Bet – Recovery Ahead?

Core Insights - VisionSys AI's shares dropped over 57% following the announcement of a $2 billion Solana treasury program in partnership with Marinade Finance [1] - The initiative starts with a $500 million acquisition and staking of SOL over the next six months, aimed at strengthening VisionSys's balance sheet and enhancing liquidity [2] - Marinade Finance will manage the staking operations, providing compliance and performance optimization, leveraging its experience with over 154,000 SOL holders [3] Company Strategy - CEO Heng Wang described the initiative as a transformational step, positioning VisionSys as a pioneer in AI-driven blockchain treasury management [4] - The treasury, if successful, would rank among the five largest publicly traded Solana reserves, following Forward Industries' $1.5 billion in SOL [4] - The company has not disclosed how it will finance the initial $500 million phase, which analysts believe is crucial for the program's feasibility [6] Market Reaction - Following the announcement, VisionSys's shares closed at $2.05, down 40%, with an intraday low of $1.26, despite being up over 200% year-to-date [5] - VisionSys's current market capitalization is approximately $34.2 million, while Marinade's governance token, MNDE, saw a slight increase of 2.3% [5] Industry Context - Nine corporations now control 2.47% of Solana, valued at $2.9 billion, indicating a growing trend of corporate involvement in digital asset treasury strategies [7]