Aggressive support for Solana-based corporate treasuries sparks ecosystem growth — and concerns about valuation pressure.
The Solana Foundation is rapidly expanding its influence in the digital asset space through discounted SOL token deals that have helped multiple companies build Solana-based digital asset treasuries (DATs). This surge in activity has bolstered the ecosystem’s visibility but also sparked debate about market sustainability and valuation risk.
In recent months, the Switzerland-based nonprofit has entered several agreements offering discounted sales of SOL, incentivizing public companies to accumulate and hold Solana. This strategy has fueled a wave of newly listed Solana treasuries, with more than a dozen now active globally.
“It’s clear the Foundation wants to drive adoption and visibility,” said one Solana DAT insider. “But when too many treasuries hold the same asset at discounted rates, you risk diluting market value.”
THE block
Among the most prominent players is Sharps Technology (STSS), which disclosed in an August filing that it secured a $50 million SOL purchase at a 15% discount. Another, Solana Company, formerly known as Helius Medical Technologies, revealed in September that it could buy SOL directly from the Foundation under similar terms. Brera Holdings, rebranded as Solmate, also formed a treasury with the Foundation’s backing and granted it two board seats in exchange for partnership rights.
Still, not everyone sees the trend as a red flag. Upexi, holding over $440 million in SOL, considers the influx of treasuries a “healthy development” for the network.
“More buyers of SOL ultimately strengthen the ecosystem,” said Brian Rudick, Upexi’s Chief Strategy Officer. “But a growing number of DATs could create valuation pressure as supply expands.”
As new participants like VisionSys AI enter the field — with plans to acquire $500 million in SOL — experts say Solana’s approach underscores a broader shift in crypto finance.
“Large-scale DATs around tokens like Bitcoin, Ethereum, and Solana are shaping the next phase of institutional crypto,” said one investor. “They bring liquidity, visibility, and strategic depth.”
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.
We use cookies to personalize content and ads, provide social media features, and analyze our traffic. In accordance with GDPR/AVG and EU cookie regulations, data is processed only with your consent. We may share information about your use of our website with our social media, advertising, and analytics partners, and you can manage or withdraw your consent at any time. View more
Cookies settings
Accept
Privacy & Cookie policy
Privacy & Cookies policy
Cookies list
Cookie name
Active
Privacy Policy
At BitxJournal.com, we respect your privacy and are committed to protecting your personal data. This Privacy Policy explains how we collect, process, store, and protect personal information in accordance with the General Data Protection Regulation (GDPR) and AVG (EU privacy legislation).
1. Data Controller
BitxJournal.com acts as the data controller for all personal data processed through this website.
2. Personal Data We Collect
We may collect and process the following categories of data:
Personal Data
Name and email address (when you subscribe to newsletters or contact us)
Technical & Usage Data
IP address, browser type, operating system
Device information
Pages visited, referral sources, and interaction data
This data is collected via cookies, log files, and analytics technologies.
3. Legal Basis for Processing
We process personal data only when a lawful basis exists, including:
Consent – when you explicitly agree (e.g., cookies, newsletter sign-up)
Legitimate interest – to operate, secure, and improve our website
Legal obligation – when required by applicable laws
You may withdraw your consent at any time.
4. Purpose of Data Processing
Your data is processed for the following purposes:
Operating and maintaining the website
Improving content, usability, and performance
Sending newsletters or updates (only with consent)
Analyzing traffic and user behavior
Responding to inquiries or support requests
5. Cookies & Consent Management
We use cookies and similar technologies in compliance with EU Cookie Law.
Non-essential cookies are placed only after explicit user consent
Users may accept, reject, or manage cookie preferences at any time
Consent can be withdrawn without affecting prior lawful processing
Detailed cookie information is available in our Cookie Settings panel.
6. Third-Party Data Processing
We may share limited data with trusted third-party service providers, including:
Analytics providers (e.g., Google Analytics)
Advertising partners (for personalized or non-personalized ads)
These third parties act as data processors and process data only under contractual obligations compliant with GDPR/AVG.
7. International Data Transfers
Where data is transferred outside the European Economic Area (EEA), we ensure appropriate safeguards are in place, such as Standard Contractual Clauses (SCCs) or equivalent legal mechanisms.
8. Data Retention
We retain personal data only for as long as necessary to fulfill the purposes outlined in this policy or as required by law.
9. Data Security
We implement appropriate technical and organizational security measures to protect personal data against unauthorized access, alteration, disclosure, or destruction.
10. Your GDPR Rights
Under GDPR/AVG, you have the right to:
Access your personal data
Rectify inaccurate or incomplete data
Request data erasure (“right to be forgotten”)
Restrict or object to processing
Data portability
Withdraw consent at any time
Lodge a complaint with a supervisory authority
11. Changes to This Privacy Policy
We reserve the right to update this Privacy Policy at any time. Any changes will be posted on this page with a revised effective date.
12. Contact Information
For privacy-related inquiries or GDPR requests, contact:
