- Thirteen public companies now hold 8.90 million SOL worth about $1.80 billion as part of their treasury strategy.
- Upexi, DeFi Development Corp., and Sol Strategies lead in holdings.
There are now 13 publicly listed companies that have added Solana to their treasury strategy. These firms have a total control of 8.90 million SOL, which is valued at approximately 1.55% of the circulating supply, and valued at approximately $1.80 billion.
Leading Holders Emerge
The largest corporate shareholder is Upexi Inc. with 2,000,518 SOL. Next comes DeFi Development Corp., which has recently acquired 1,988,170 SOL into its reserves after buying 196,141 tokens. Sol Strategies is ranked at position three, having a total of 370,420 SOL.
Sol Strategies is also preparing for a Nasdaq listing, aiming to become the first Nasdaq-listed Solana treasury adopter. This move reflects the increasing interconnection of conventional financial markets with blockchain-based assets.
Of the collective corporate reserves, around 585,059 SOL are staked through the Combined Staking Reserve. This allocation, valued at approximately $104.1 million, has a mean yield of 6.86%. Although the staked amount is only 0.102 percent of the total circulating supply of Solana, it is an indication that firms are interested in yield generation and not in idle assets.
Expanding Treasury Allocations
The momentum is on the rise, with corporate entities increasing their commitment to Solana. DeFi Development Corp. has stated it will expand its reserves up to a target of $1 billion. This would cement its position as one of the most aggressive adopters of Solana in treasury management.
At the same time, financial giants Galaxy Digital, Jump Crypto, and Multicoin Capital cooperate with Cantor Fitzgerald. They aim to raise as much as $1 billion toward a combined Solana treasury. The Solana Foundation in Zug, Switzerland, has been supporting this initiative, as well.
In another major development, Accelerate, headed by Joe McCann, intends to raise $1.51 billion. The fund would purchase 7.32 million SOL, which would make it the largest private Solana treasury not owned by the Foundation itself. Such an initiative, in case of success, might almost double existing corporate reserves.
Solana’s Position in the Treasury Market
Despite the fact that the corporate holdings of Solana are far less dominant than those of Bitcoin in the treasury space, the rate of new commitments is striking. Bitcoin still has the biggest portion of corporate digital asset holdings. Nevertheless, Solana is developing as a competitor with its powerful ecosystem and capacity to provide high-performance blockchain infrastructure.
Attitudes toward treasury adoption are changing as corporations move rapidly toward treasury adoption. Firms are starting to diversify into other assets that have different utility and growth prospects rather than concentrating on one single asset in the form of Bitcoin. Solana, which is fast and scalable, has been picking up as a real alternative in treasury diversification.
At the time of writing, SOL is trading at $214.53, up 5.26% in the last 24 hours.
