NASDAQ-listed VisionSys AI today announced that its subsidiary, Medintel Technology Inc., has signed an exclusive partnership with staking protocol Marinade Finance to launch a Solana-based (SOL) digital treasury program, valued at up to $2 billion.
In the announcement, VisionSys AI stated that the partnership is aimed toward strengthening the firm’s balance sheet, enhancing liquidity, and creating long-term strategic value through SOL acquisition.
Notably, Marinade Finance, a leading player in the Solana decentralized finance (DeFi) ecosystem, will function as VisionSys AI’s exclusive staking and ecosystem partner. Commenting on the development, Heng Wang, CEO of VisionSys AI, stated:
This partnership represents a once-in-a-generation opportunity to integrate digital assets into our corporate DNA. It positions VisionSys as a pioneer of AI-driven blockchain treasury management. By leveraging Marinade’s unparalleled expertise, we are not just strengthening our treasury; we are building a foundation for the future.
While the firm will start with buying and staking $500 million worth of SOL, it eventually plans to scale up and create a treasury worth $2 billion of SOL. That said, the announcement makes no mention of how VisionSys AI plans to buy SOL.
Assuming the firm can bag $500 million worth of SOL, then it would instantly find itself among the top five leading public firms with the largest Solana-based treasuries. Currently, the medical design firm Forward Industries holds the largest SOL treasury, worth $1.5 billion.
Meanwhile, DeFi protocol Marinade Finance currently holds more than 10.4 million SOL tokens, worth approximately $2.2 billion according to current market prices. According to data from Coingecko, the protocol’s native token, MRND, is up 11.6% in the past 24 hours, trading at $0.14.
On the contrary, VisionSys AI’s stock plummeted following today’s announcement. The stock is down a massive 35.17% in the past 24 hours, trading at $2.23 at the time of writing. However, it is up an impressive 462% over the last six months.
