Beijing-based visionsys AI (VSA), a publicly-traded firm dedicated to brain-machine interface technologies and artificial intelligence systems, unveiled Wednesday a $ 2 billion Solana The approach to Treasury, to join a growing trend of listed companies that pivoting the digital asset to play a treasury.
The initiative, led by Visionys Medintel technology, will start with a plan to gain and stake $ 500 million in SOL in the next six months, the company said in a press release. The firm cooperated with Marinade, one of the largest staking operators in Solana with A $ 2.2 billion total amount locked In the protocol, to manage and produce yield in handles.
Visionys AI’s stock dropped by a 20% premarket following the news, but it has been a hot name this year, rising more than 300% since available for trade in April. The firm Yesterday was nominated Early Solana Backer Hakob Sirounian as Chief Strategy Officer to guard “Blockchain Company initiatives and decentralized technology.”
Sol was among the leading performers at a rallying crypto market on Wednesday, earlier 6% to $ 219.
The company is the latest addition to a roster of public companies that pivoting to hold crypto directly to their balance sheets, seeking to mirrors early adopters such as the Micheal Saylor (MSTR) strategy, which has become the largest -owned by the Bitcoin corporation .
The trend has expanded beyond BTC to other tokens such as Ether and Sol, along with companies seeking to generate revenue with beginner yield startgies in the decentralized market (DEFI) market. Solana Treasury Firms such as Forward Industries (Ford), Defi Development (DFDV) and UPEXI (UPXI) who collectively hold more than $ 3 billion in sol, Blockworks data Shut up.
