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Helius issues 1.25 billion USD Solana bonds! SOL national bond popularity surges, ETF inflows reach historic highs.
The Solana (SOL) market welcomed significant favourable information this week: Helius Medical Technologies announced the issuance of $1.25 billion Solana bonds to establish an SOL treasury, while Forward Industries invested $1.5 billion to acquire 6.8 million SOL. At the same time, the Solana ETF saw a record daily inflow of $145 million, pushing the total weekly inflow to $198 million, indicating a sustained increase in institutional demand.
Helius issuance fundraising to establish SOL fund
According to the announcement on September 15, Helius Medical Technologies plans to raise $1.25 billion through stock issuance and PIPE (Private Investment in Public Equity) transactions to launch the Solana treasury.
PIPE financing: Expected to bring in over $500 million in revenue
Stock issuance: Expected to raise $750 million
The transaction is led by Pantera Capital and Summer Capital, and is expected to be completed on Thursday. After completion, Joseph Chee, founder of Summer Capital, will serve as the Chairman and Executive Chairman of Helius.
Chee stated that Helius's vision is to fully integrate public market trading into the Solana blockchain, covering tokenization, payments, and capital market infrastructure.
Forward Industries invests 1.5 billion USD in the acquisition of SOL
On the same day, Forward Industries announced the acquisition of 6.8 million SOL (worth about $1.5 billion) using most of the $1.65 billion raised from PIPE financing.
This acquisition is led by Galaxy Digital, Jump Crypto, and Multicoin Capital, demonstrating top-tier institutions' high recognition of Solana's long-term value.
ETF inflows hit record high, institutional demand surges
According to CoinShares data, Solana exchange-traded products (ETP) saw a single-day inflow of $145 million last week, setting a new historical high and driving total weekly inflows to $198 million.
Analysts point out that this wave of capital influx reflects the rapidly growing interest of traditional investors in Solana, and it strengthens the market's expectations for the approval of a Solana spot ETF in the United States.
Bitwise Chief Information Officer Matt Hougan predicted in the latest report that with institutions continuing to increase their holdings, the price of SOL is expected to see a significant rebound before the end of the year.
Market Impact and Price Outlook
As of September 16, SOL is priced at 234 USD.
Favourable factors: the establishment of a capital pool brought by bond issuance, large acquisitions by institutions, and ETF inflows reaching new highs.
Potential Catalysts: Approval of the US Spot ETF and more companies adopting Solana as a capital market infrastructure
If institutional demand continues to increase, SOL is expected to challenge higher price levels in the fourth quarter, potentially even refreshing its yearly high.
Conclusion
Helius's $1.25 billion Solana bond issuance and Forward Industries' large acquisition are resonating with the explosion of ETF fund inflows, pushing Solana into the spotlight of institutional capital attention. As the application of blockchain in the capital market deepens, the demand curve for SOL may continue to rise.