Corporate Interest in Solana Grows with Nearly $1.8 Billion Held
A rising tide of companies is embracing Solana, now holding close to $1.8 billion worth of SOL tokens. Presently, 13 public companies own around 8.9 million SOL.
Leading this trend are Upexi Inc. with over 2 million SOL, followed by DeFi Advancement Corp.with almost the same amount. Sol Strategies stands out with 370,420 SOL and ambitions to debut on Nasdaq.
Their considerable holdings represent about 1.55% of Solana’s circulating supply. Interestingly, some of these tokens are being used to generate income. Almost 585,059 SOL, valued at roughly $104.1 million, are staked via the Combined Staking Reserve, yielding around 6.86%.
This strategy seems to be gaining traction. DeFi Development Corp. aims to boost its SOL stash to $1 billion. A trio comprising Galaxy Digital, Jump Crypto, and Multicoin Capital intends to amass another billion for a shared treasury.
- DeFi Development corp. targets a $1 billion SOL portfolio.
- Galaxy Digital,Jump Crypto, and Multicoin Capital seek to pool $1 billion in SOL together.
Meanwhile, Accelerate has set its sights on raising $1.51 billion to purchase 7.32 million SOL, which would create one of the biggest private SOL treasuries.
While Bitcoin still dominates corporate treasuries,solana is rapidly carving out its niche. such fast-growing interest suggests Solana could soon emerge as a formidable contender in the digital asset market.
