Helius is looking to expand its Solana treasury to at least 5% of the cryptocurrency’s supply and considering a second listing in Hong Kong.
At the current Solana price, the company’s treasury is worth around $488.8 million. On top of this, it still holds about $15 million in cash, meaning that the firm already possesses more capital than it initially raised in September.
If the firm’s Chairman is to go by, though, the DAT company is nowhere near done with its accumulation. With a target of 5% of the SOL supply in circulation, the goal represents a total investment of over $6 billion at the latest exchange rate.
Chee also told HKET that once market cap and regulatory requirements are met, Solana Company is planning a second listing in Hong Kong, which could potentially happen within the next six months.
During the latest acquisition announcement, Chee said:
HSDT Solana Company’s investment narrative is resonating with institutional investors. We are encouraged by the strong interest coming out of Asia after the major digital assets conferences last week, and we look forward to continuing to be a leading advocate for the Solana ecosystem to a whole new set of investors.
At the time of writing, Solana is trading around $222, down more than 1% over the last week.
