- Public companies now hold over $591M in Solana, signaling rising institutional interest
- Upexi leads Solana adoption with 1.9M SOL staked at 8% yield, worth $320.4M
- Gradual and early SOL accumulation strategies yield strong returns for smaller players
A growing number of publicly traded companies are adding Solana (SOL) to their balance sheets in a clear signal of increasing institutional adoption. According to data from Coingecko, several firms have aggressively added SOL to their treasuries in 2025, betting on its long-term growth.
Together, these companies now control more than 3.5 million SOL, worth over $591 million. This figure represents about 0.65% of Solana’s total circulating supply, showcasing a notable concentration of holdings among a few key corporate players.
Upexi Leads the Pack With 1.9M SOL
Upexi, Inc. has taken the lead with a substantial allocation of 1.9 million SOL. The company began building its position in April 2025 and completed the purchases within four months. At an average price of $168.63 per token, its total investment stands near $320.4 million.
Despite showing a minor unrealized loss of $0.9 million on paper, Upexi remains committed to its strategy. The company is also staking all of its holdings, earning an 8% yield as of June 30, a move that reinforces its long-term confidence in the network.
Related: Public Firms Pivot to Solana as Treasury Asset Amid Crypto Market Shift
DeFi Dev and SOL Strategies Take Calculated Positions
Not far behind is DeFi Developments Corp., which holds a significant 1.18 million SOL. The firm has been consistently adding to its treasury, with its most recent purchase of 181,303 SOL on July 29 for $28.2 million.
Related: DeFi Development Corp. Buys Another $2.7 Million in SOL, Boosting Its Crypto Treasury
This latest move brought its total position to nearly $199 million, which reflects an unrealized gain of $36.8 million. This consistent buying indicates a strong, long-term conviction in Solana’s potential.
SOL Strategies: A Slow and Steady Approach
SOL Strategies, a Toronto-based firm, took a more patient approach. Instead of making large bulk purchases, the company gradually accumulated its 392,667 SOL treasury over a 13-month period.
This strategy helped it achieve a cost basis of $166.86, with its current holdings worth about $66 million. The firm’s steady accumulation highlights the effectiveness of dollar-cost averaging during volatile market periods.
How Smaller Players Are Seeing Gains
Torrent Capital, though holding a more modest 40,039 SOL, is also in profit. Its position, acquired early in 2025 at an average price of $161.84, is now valued at $6.7 million.
This case illustrates how an early, timely allocation can lead to gains even for smaller corporate positions.
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