Newtown-based Helius Medical Technologies has officially rebranded to Solana Company after launching a $500 million Solana treasury in mid-September, writes Maxwell Mutuma for Coin Central.
The company signed a non-binding agreement with the Solana Foundation and aims, through these initiatives, to improve its digital asset strategy and strengthen support for the Solana blockchain ecosystem.
“The decision to change our name underscores our commitment to Solana’s growth and potential,” said Joseph Chee, Executive Chairman of Helius.
He stated that the rebranding highlights the company’s long-standing support for the Solana ecosystem and its goal to drive future growth.
As part of its agreement with the Solana Foundation, Solana Company will support and expand the Solana ecosystem. The strategic partnership will include co-hosted events and institutional roundtables, and Solana Company will also participate in initiatives led by the Solana Foundation.
Meanwhile, the funds that the company raised in mid-September will help Solana Company acquire Solana tokens as part of its broader strategy. The company’s goal is to contribute to Solana’s ecosystem by holding a portion of the raised capital in the currency. Solana Company currently holds more than 760,190 SOL tokens, with an average cost basis of $231 per token.
Read more about Helius Medical Technologies’ rebranding to Solana Company and what’s next for the company in Coin Central.
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