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16/09/25 00:59 UTC-04

Helius Issues $500 Million Bonds to Purchase Solana

At the time of issuance, the securities will be priced at $6.88 each. Investors are offered purchase coupons at $10.12 over the next three years. The company expects to raise half a billion dollars, but if all coupons are fully exercised, Helius could receive up to $750 million. The offering is expected to close on September 18.

The largest buyers of the bonds are the American asset management company Pantera Capital and the Asian investment firm Summer Capital. Other investors include Big Brain Holdings, Avenir, SinoHope, FalconX, Arrington Capital, Animoca Brands, Aspen Digital, Borderless, Laser Digital, HashKey Capital, and Republic Digital.

Helius management explained that it chose the cryptocurrency SOL due to the high speed of the Solana blockchain, capable of processing over 3,500 transactions per second. The company promises to make SOL its primary reserve asset and plans to further increase its SOL holdings over the next 12–24 months. Helius also intends to explore staking and lending opportunities within the Solana ecosystem to generate additional cryptocurrency income.

Recently, Galaxy Digital CEO Mike Novogratz predicted the onset of the "Solana Season" amid investments by major companies in this altcoin. Novogratz believes that spot exchange-traded funds (ETFs) tied to SOL will soon launch in the U.S.

See also: "BitMine Reports $10.8 Billion in Cryptocurrency and Cash Holdings"

#Solana (SOL) #Investment

Editor: Alyona Nabok
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