VisionSys Plans $2 Billion Solana Treasury
VisionSys AI, a healthcare and biotech company, announced a $2 billion Solana (SOL) treasury plan. The company will partner with staking protocol Marinade Finance for this project. VisionSys’s subsidiary, Medintel Technology, signed an exclusive agreement with Marinade to develop the treasury.
The treasury will start with a $500 million purchase and staking of SOL tokens over six months. Marinade Finance will manage staking, security, and performance. Heng Wang, VisionSys CEO, said the partnership will build a strong foundation for the future by using Marinade’s expertise.
VisionSys aims to combine AI with the Solana blockchain to create new DeFi applications. The treasury will also improve the company’s balance sheet and liquidity.
VisionSys joins other public firms with SOL treasuries. Forward Industries raised $1.65 billion for a similar project in September and holds over 6 million SOL. Other holders include DeFi Development Corp., Sol Strategies, and Upexi, with a combined 20.92 million SOL worth $4.59 billion, according to Strategic SOL Reserve.
Solana Price Rises 7% and Tests $219 Resistance
Solana’s price rose 7% in 24 hours, reaching near $219. Bulls defended the $209 support level. SOL cleared its 50-day Simple Moving Average (SMA) and is testing the 61.8% Fibonacci retracement level at $219.
If SOL moves above $219, it could rise to the 78.6% Fibonacci level at $252. However, if it fails to break $219, the price may drop back to $209 support.
The Relative Strength Index (RSI) is near its moving average and neutral line. The Stochastic Oscillator is close to its midline. A strong move above these indicators will boost bullish momentum.
