Solana News Today: Corporate Treasuries Shift to Solana for Diversification, Inflation Hedging

Reliance Global Group (NASDAQ: RELI) has made a significant move in the cryptocurrency space by acquiring over 1 million Solana (SOL) tokens, adding the sixth-largest cryptocurrency by market capitalization to its digital asset treasury, according to a CoinJournal report. The company, which already holds Bitcoin, Ethereum, Cardano, and XRP, now maintains exposure to five of the top ten cryptocurrencies. This acquisition underscores Reliance's broader strategy to diversify its financial holdings and embrace blockchain innovation. "By adding Solana alongside Bitcoin, Ethereum, Cardano, and XRP, we continue to execute our disciplined strategy of diversifying across leading blockchain ecosystems," said Moshe Fishman, a Reliance Crypto Advisory Board member.

The decision aligns with a growing trend of publicly traded firms integrating blockchain assets into their balance sheets. Solana's hybrid Proof-of-Stake and Proof-of-History consensus mechanism enables it to process over 65,000 transactions per second, according to CoinJournal, a feature that has attracted corporate and institutional investors. Reliance's move follows similar announcements by other public companies, reflecting a shift in corporate treasuries toward digital assets to hedge against inflation and capture long-term value, the report noted.

Meanwhile, institutional interest in Solana is accelerating. Solana Company (NASDAQ: HSDT), a publicly traded entity focused on Solana, reported increased holdings of over 2.3 million SOL tokens as of October 29, 2025, a rise of 1 million since early October, according to a QuiverQuant report. The company, which partners with Pantera Capital and Summer Capital, also achieved a staking yield of 7.03% APY in October, outperforming the top 10 validators by 36 basis points, the QuiverQuant release said. This performance highlights the growing appeal of Solana as a productive asset for corporate treasuries.

Market dynamics further support Solana's institutional adoption. The launch of multiple Solana ETFs in recent weeks, including offerings from Bitwise, Grayscale, and VanEck, has amplified demand, according to Yahoo Finance. These products, designed to provide institutional access to Solana, reflect broader confidence in the blockchain's scalability and utility. The token's price, trading near $200 as of October 27, has benefited from this momentum, and analysts are forecasting potential gains of up to 10% as ETFs gain traction, Yahoo Finance reported.

Fidelity's recent decision to offer Solana trading for both retail and institutional investors adds another layer of legitimacy, according to eMarketer. The move positions Solana as a viable option for cross-border transactions and blockchain-based securities settlement, aligning with Fidelity's broader expansion into crypto custody and trading services. This follows similar moves by U.S. Bank and BNY Mellon, signaling a shift in traditional finance's approach to digital assets.

Solana's technical advantages—low transaction costs, rapid settlement, and a growing ecosystem of decentralized finance (DeFi) and non-fungible token (NFT) platforms—have made it a preferred choice for institutional portfolios, CoinJournal noted. However, market analysts caution that regulatory clarity and competitive dynamics will shape its trajectory. With over 15.7 million SOL held by public companies collectively valued at $3.18 billion, Solana's role in corporate treasuries is poised to expand further, the report added.

As the blockchain industry matures, Reliance's and Solana Company's strategies exemplify the convergence of corporate finance and decentralized technology. The ongoing institutional adoption, coupled with regulatory developments, may cement Solana's position as a cornerstone of digital treasury strategies in the coming years.