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 (SOL) treasury strategy, joining a growing trend of listed companies pivoting to digital asset treasury plays.
The initiative, led by VisionSys subsidiary Medintel Technology, is to begin with a plan to acquire and stake $500 million in SOL within the next six months, the company said in a press release. The firm teamed up with Marinade, one of the largest staking operators on Solana with a $2.2 billion total value locked on the protocol, to manage and generate yield on holdings.
VisionSys AI's stock was down 20% premarket following the news, but has been a hot name this year, rising more than 300% since com