Helius Targets 5% of Solana Supply and Excites Investors
- Helius wants to buy 5% of Solana
- Solana rises with institutional support
- Investors await spot SOL ETFs
Solana (SOL) is once again gaining traction among major crypto market players following a strategic move by Helius, a treasury firm specializing in the blockchain ecosystem. The company plans to acquire up to 5% of the total supply of SOL tokens, currently valued at over $6 billion. The move comes amid a wave of institutional adoption of cryptocurrencies, particularly Ethereum (ETH), while Bitcoin remains the market leader.
Helius, which recently shifted its operations to the digital asset sector, aims to strengthen its reserves by the end of 2025. Last month, the company raised $500 million, reinforcing its commitment to this segment. According to Joseph Chee, Solana's treasurer, the acquisition is subject to specific regulatory and capitalization criteria. The goal is to reach a 5% stake within six months.
Zhu Junwei, CEO of Helius Solana Company (HSDT), explained that the initiative represents a new phase in digital asset-based financial management. "Financing at a cost of capital lower than one-to-one, that is, getting something that was originally worth 100 yuan for 200 yuan, is beneficial to shareholders, and their cryptocurrency per share will always increase," he stated.
Growing institutional demand has directly influenced altcoin prices, with Solana currently trading at $197, reflecting a 56% appreciation over the past 12 months. Despite stable monthly volumes, market sentiment remains positive, with increased attention being paid to Solana spot ETFs in the United States.
Beyond the valuation, investors also consider the Solana network's high transaction capacity and expanding DeFi ecosystem to be key differentiators. With traditional capital flows gaining momentum, analysts point out that the combination of speed, corporate adoption, and ETFs could be crucial for Solana to reach new highs by the end of the year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000
After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.
No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029
It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.
Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?
The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.
Crypto prices
More
