In brief
- VisionSys AI (VSA) is creating a Solana treasury strategy with plans for up to $2 billion in SOL.
- Shares in VSA dropped as much as 57% at one time on Wednesday, before rebounding slightly.
- The firm aims to purchase $500 million in SOL in the next six months.
Shares in publicly traded brain-machine and artificial intelligence company VisionSys AI (VSA) are massively down amid news the firm is aiming to create a Solana treasury holding up to $2 billion worth of the popular cryptocurrency.
VSA shares were recently trading at $2.05, down 40% on the day. They fell as low as $1.26 earlier in the day. Despite the drop, VSA shares are up more than 200% year-to-date.
To execute the treasury strategy, the firm’s wholly owned subsidiary Medintel Technology Inc has entered into an exclusive partnership with Solana DeFi protocol, Marinade Finance.
“This partnership represents a once-in-a-generation opportunity to integrate digital…
