bagged

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 today.

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.

Following the firm’s decision to heavily bet on the sixth-largest cryptocurrency by market capitalization, investors have expressed optimism about Solana’s price potential amid growing institutional adoption.

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.

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.

Solana retrieves $220 mark

Amid the broader crypto market downturn, Solana’s price fell sharply, recording an intraday low of $212.80 on Tuesday, September 23rd.

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.

Market watchers remain largely unfazed by the ongoing downturn, anticipating a major rally in the near term, particularly for Solana.

Solana continues to attract institutional interest thanks to its robust infrastructure for large-scale business use. Its momentum is not solely driven by speculation but also by real-world adoption and expanding use cases.

In recent weeks, Solana has made significant strides in the DeFi ecosystem as users increasingly stake funds within its network amid surging engagement.

Boasting speed, low fees, and scalability, Solana enables investors to maximize returns through regular spot trading as well as exclusive DeFi opportunities, including lending, building, and staking.

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Stardew Valley will get at least one more significant game update, says Eric “ConcernedApe” Barone, mere months after stating that he doesn’t “want to just be the Stardew Valley guy.” It’ll be called update 1.7, and the trimness of the numbering implies that it’ll be a large one. For context, Stardew Valley update 1.6 brought eight player PC co-op, new crops, a lot more NPC dialogue, a mastery system, new pets, and the ability to give those pets hats (which caused a few problems).

“Okay, I revealed this at the concert last night and now the cat’s out of the bag, so I will confirm for everyone: There will be a Stardew Valley 1.7 update,” Barone wrote on Xitter over the weekend. “No release date, no estimate. But it’s happening.”

Barone is theoretically also working on a brand new game, the more combat-focussed RPG Haunted Chocolatier, but Stardew Valley keeps luring him back, for there is always something else to fix or introduce, however daft. “It’s just so much easier to just add more stuff to Stardew Valley than to make a whole new game from scratch,” he said in May. “Because Stardew Valley, all the systems, the major systems, are already all done. That’s the stuff that’s not fun to do. When I make an update, it’s like, throw in this, throw in that, let’s add green rain. These random ideas I have. Whimsical ideas.”

In Barone’s defence, if I had made the fourth best-selling premium PC game of all time, I would feel in no great rush to move on from it. I would tinker for years. Well, I mean, I would actually take a lot of holidays. But in between all those trips to Alton Towers and when not playing Micro Machines in my bedroom-sized caramel fondue, I would do plenty of tinkering. Ah, I imagine George R. R. Martin wishes he could be updating the old GOT novels instead of writing The Winds Of Winter.

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$167 Million in Solana Bagged By Major Tech Giant, What’s Coming?

Solana retrieves $220 mark

“The cat’s out of the bag” – Stardew Valley update 1.7 revealed, bagged cat content TBC