Loading cryptocurrency prices...

VisionSys AI Plans $2B Solana Treasury, Shares Drop 57% Before Rebound

VisionSys AI Unveils $2 Billion Solana Treasury Plan Amid Stock Plunge and Marinade Finance Partnership

  • VisionSys AI is preparing a Solana-focused treasury plan targeting up to $2 billion in SOL holdings.
  • VSA stock fell as much as 57% during trading on Wednesday before a partial recovery.
  • The company aims to acquire $500 million in Solana within the next six months.
  • Medintel Technology Inc, a VSA subsidiary, has formed an exclusive partnership with Solana DeFi protocol Marinade Finance.
  • VSA reported only $15 million in cash equivalents at the end of December 2024, with no details on how the additional funds will be raised.

Shares of VisionSys AI (VSA), a company specializing in brain-machine interfaces and Artificial Intelligence, dropped sharply after the firm announced plans to build a Solana treasury that could reach $2 billion in value. The initiative is designed to increase liquidity and strengthen the company’s financial position through significant cryptocurrency investment.

- Advertisement -

On Wednesday, VSA shares dropped as low as $1.26, a 57% decline, before rebounding to $2.05 per share, which was still down 40% for the day. Despite the fall, the shares remain more than 200% higher since the beginning of the year. VisionSys AI intends to purchase $500 million worth of Solana within the next six months as the first step of its larger $2 billion digital asset strategy.

To implement the new strategy, VSA’s subsidiary, Medintel Technology Inc, has reached an exclusive partnership with Marinade Finance, a decentralized finance (DeFi) protocol on the Solana Blockchain. According to CEO Heng Wang, “This partnership represents a once-in-a-generation opportunity to integrate digital assets into our corporate DNA…We are building a foundation for the future.” Marinade Finance operates a Solana staking platform that manages over 10.4 million SOL, or about $2.2 billion.

If successful, VSA will be among the top five publicly traded companies holding Solana, following firms like Forward Industries with $1.5 billion in SOL. However, VSA’s latest SEC filing shows the company had just $15 million in cash and cash equivalents at the end of December 2024, with no explanation of how it plans to raise the necessary funds. A company representative did not respond to questions about funding plans.

Marinade’s MNDE token rose 13% following the announcement, now trading with a market capitalization above $79 million.

- Advertisement -

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

S&P Rates Michael Saylor’s Strategy “B-” with Stable Outlook

Strategy, a company with significant Bitcoin holdings, received a “B-” credit rating in the...

Amazon (AMZN) to Lay Off 30,000 Workers Beginning October 28

Amazon plans to lay off up to 30,000 employees starting October 28, 2025.The job...

ETHZilla sells $40M ETH to fund $250M stock buyback plan

ETHZilla sold approximately $40 million worth of ether (ETH) from its treasury on October...

Participated in MegaETH’s token sale? Your social media engagement will influence your allocation – DL News

MegaETH has oversubscribed its $50 million token sale by more than six times.The project...

Trump Expected to Nominate New Fed Chair by End of 2025, Five Finalists

Five finalists have been identified for the next Federal Reserve Chair position. One more round...
- Advertisement -

Must Read

How to Check The Rarity of An NFT

Whenever you invest in an NFT collection, you might have noticed that some NFTs are more expensive than others. NFT collections are often made...