Companies accelerate SOL accumulation amid rising institutional demand
Corporate treasuries holding Solana (SOL) have surged past $4 billion, signaling a new wave of institutional accumulation in the blockchain ecosystem.
According to Strategic Solana Reserve data released Tuesday, companies now hold 17.11 million SOL tokens, valued at roughly $4.03 billion. This represents nearly 3% of Solana’s circulating supply of over 600 million tokens.
Major Players Lead the SOL Accumulation
The largest corporate holder is Forward Industries, which controls more than 6.8 million SOL worth $1.61 billion. Other notable firms, including Sharps Technology, DeFi Development Corp., and Upexi, each maintain positions of around 2 million SOL, valued above $400 million per entity.
Forward Industries recently announced its Solana reserve initiative, supported by Galaxy Digital, Multicoin Capital, and Jump Crypto. Following the announcement, Galaxy Digital purchased $306 million worth of SOL in a single day, underscoring the appetite for large-scale allocations.
Meanwhile, Helius Medical Technologies has also joined the trend, launching a $500 million Solana treasury reserve this week. The reserve is backed by Pantera Capital and Summer Capital, with Pantera CEO Dan Morehead describing Solana as the “fastest, cheapest, most-performing blockchain network.” He also disclosed Pantera’s $1.1 billion position in SOL, further boosting confidence among institutions.
Solana Gains Traction, but Lags Behind BTC and ETH Reserves
While Solana’s $4 billion treasury milestone is significant, it still trails far behind Bitcoin and Ether reserves.
- Bitcoin treasuries currently hold 3.71 million BTC (worth about $428 billion), representing nearly 17% of Bitcoin’s total supply.
- Ethereum treasuries hold nearly 5 million ETH (about $22 billion), while ETFs control an additional 6.77 million ETH (valued at over $30 billion).
The rapid growth of Solana-based reserves highlights institutional conviction in blockchain diversification beyond Bitcoin and Ethereum. With billions flowing into SOL treasuries and leading firms backing long-term strategies, Solana is emerging as a serious contender in the corporate treasury landscape.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.