VisionSys AI Stock Plummets 57% After $2 Billion Solana Treasury Plan

Introduction

VisionSys AI stock plunged as much as 57% after the company unveiled plans to build a Solana (SOL) treasury of up to $2 billion, initially targeting $500 million in SOL purchases and staking within six months via a partnership with Solana DeFi protocol Marinade Finance. Shares rebounded modestly intraday but remained sharply lower as investors weighed balance-sheet risk and execution questions around funding such a large crypto position. Details and market reaction were first reported by Cryptonews, with additional coverage by Decrypt and Benzinga (Cryptonews, Decrypt, Benzinga).

Through its Medintel Technology subsidiary, VisionSys aims to acquire and stake SOL using Marinade’s delegation platform, positioning the crypto as a core treasury asset to “enhance liquidity” and “strengthen the balance sheet.” The move would make VisionSys one of the largest public-company holders of SOL if executed as planned, but the immediate stock selloff reflects investor concerns about volatility, treasury concentration, and non-core risk exposure.

Despite the drawdown, some observers noted a partial recovery in the session and highlighted potential upside if Solana appreciates and staking yields contribute to returns. Still, analysts caution that tying a listed company’s treasury to a single crypto asset amplifies equity volatility and execution risk—even as Solana’s ecosystem strength, throughput, and DeFi activity remain tailwinds for the strategy.

Background

VisionSys AI, a leading artificial intelligence company, saw its stock price tumble by more than 57% after announcing plans to establish a $2 billion Solana (SOL) treasury. The move—intended as a long-term crypto strategy—sparked strong market reactions, leaving investors questioning whether this is visionary diversification or risky overreach.

What Happened?

In late September 2025, VisionSys AI’s management unveiled plans to gradually build a corporate treasury backed by Solana (SOL). The company set an initial target of acquiring and staking $500 million in SOL within the next six months, partnering with Marinade Finance—a leading Solana staking platform. Over time, the treasury could expand to as much as $2 billion.

Instead of the stock rallying around this bold innovation, investors liquidated shares, driving the stock down nearly 60% in a single trading session. Analysts immediately flagged the move as “unprecedented” for a publicly traded AI firm.

Why Solana (SOL)?

Solana is one of the largest blockchain networks, competing with Ethereum in processing decentralized finance (DeFi), NFTs, and Web3 applications. Its high throughput and low transaction costs make it an attractive platform for building next-generation digital ecosystems.

By anchoring a treasury with Solana, VisionSys AI aims to:

• Diversify assets beyond traditional cash and bonds.

• Generate staking yield, since staked SOL can earn rewards through validator participation.

• Position itself in Web3, aligning AI innovations with blockchain infrastructure.

However, unlike traditional treasuries composed of stable assets, Solana—like most cryptocurrencies—experiences major price swings, creating significant volatility in VisionSys AI’s balance sheet.

Historical Context: Corporate Crypto Treasuries

This isn’t the first time a large company has pivoted into crypto holdings:

• MicroStrategy famously built a multi-billion-dollar treasury of Bitcoin, which boosted its market profile but also exposed it to extreme volatility (Bloomberg).

• Tesla briefly held Bitcoin as part of its reserves, though later scaled back due to price instability and environmental concerns (Reuters).

What makes the VisionSys AI case unique is the scale of the planned Solana stake—and the fact that this is the first significant crypto treasury initiative not centered around Bitcoin (BTC) or Ethereum (ETH).

Market Concerns

While some blockchain advocates praised the bold move, many investors see this as aggressive risk-taking that distracts from VisionSys AI’s core business. Equities analysts argue that VisionSys could face:

• Increased volatility in earnings reports, as Solana prices fluctuate.

• Liquidity risks if the company heavily commits funds to staked assets.

• Regulatory uncertainty, since corporate crypto holdings remain lightly addressed in accounting standards and SEC guidelines.

Could It Pay Off?

If Solana continues to gain adoption—especially in DeFi protocols, tokenized assets, and AI + blockchain integrations—VisionSys AI could reap both financial and strategic benefits. A successful pivot could position the company not only as an AI leader but as a blockchain‑native enterprise.

Still, the short-term market verdict is clear: Wall Street is skeptical.