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A few days after Pantera-backed Helius Medical announced plans to adopt a digital asset treasury strategy focused on accumulating SOL, the company has made its first major purchase, according to a CoinMarketCap report<\/a> today.<\/p>\n For the first time, the medical device company has purchased over 760,000 Solana, worth about $167 million, at an average price of $231 per SOL. The move marks its first step toward building the previously announced $500 million Solana treasury.<\/p>\n Following the firm\u2019s decision to heavily bet on the sixth-largest cryptocurrency by market capitalization, investors have expressed optimism about Solana\u2019s price potential amid growing institutional adoption.<\/p>\n Helius Medical further revealed that the vision behind the treasury launch is not only to hold Solana long-term, but also to explore opportunities in staking and decentralized finance (DeFi) to put its tokens to work.<\/p>\n With its sights set on further SOL accumulation in the near future, Helius Medical reports holding over $335 million in cash reserves allocated to the execution of its digital asset strategy.<\/p>\n Amid the broader crypto market downturn, Solana\u2019s price fell sharply, recording an intraday low of $212.80 on Tuesday, September 23rd.<\/p>\n While Solana experienced a heavier decline the previous day, with its price dropping over 6%, it has shown steadier price action today, flashing signals of a potential recovery after reclaiming the $220 level.<\/p>\n Market watchers remain largely unfazed by the ongoing downturn, anticipating a major rally in the near term, particularly for Solana.<\/p>\nSolana retrieves $220 mark<\/h2>\n