CoinGecko tweeted: Public companies hold most Solana, with unrealized gains from holding the sixth largest cryptocurrency.

CoinGecko tweeted: Public companies hold most Solana, with unrealized gains from holding the sixth largest cryptocurrency.

Public companies are increasingly integrating Solana (SOL) into their corporate treasuries, reflecting a growing trend of institutional interest in blockchain-native assets. According to recent reports, several publicly traded firms have emerged as major holders of Solana, capitalizing on the cryptocurrency's potential for high transaction speeds and low costs.

One of the most notable examples is Upexi Inc. (UPXI), a consumer brand holding company, which reported a 172% increase in its Solana holdings in July, reaching over 2 million SOL. The accumulation was financed by a $200 million capital raise through stock sales and convertible notes. Notably, a portion of Upexi's purchases included discounted "locked SOL," enabling additional value capture for shareholders [1].

DeFi Development Corp (DFDV) has also doubled down on Solana. The Boca Raton-based firm increased its SOL treasury to 1.29 million tokens (valued at over $215 million), funded in part by a $5 billion equity line of credit. The company aims to eventually reach 1 SOL per outstanding share by 2028 [2].

Bit Mining (BTCM) joined the fray as well, acquiring 27,191 SOL for $4.89 million and launching its first Solana validator as part of a broader $300 million expansion plan into the ecosystem. The move not only diversifies its crypto holdings but also supports network decentralization and staking rewards [2].

As of August 5, data from The Block indicates that public companies collectively hold over 3.4 million SOL, valued at more than $568 million [2].

This concentration of ownership among public companies indicates a growing trend of institutional interest in Solana. Investment Strategies and Market Movements Upexi's aggressive acquisition strategy began in late April 2025, rapidly accumulating its Solana holdings to become the largest treasury holder within four months. The firm stakes all its SOL tokens, earning an 8% yield as of June 2025. DeFi Development Corp continues to increase its holdings, with its recent acquisition in July 2025 adding 181,303 SOL at an average cost of $155.33 per token. SOL Strategies adopted a methodical approach, accumulating SOL through a series of purchases and staking rewards from mid-2024 to mid-2025. Torrent Capital made early moves into Solana in January 2025, and its strategic timing has paid off [3].

Performance and Future Prospects As of August 2025, Upexi's holdings are valued at $319.5 million, with an unrealized gain of $0.9 million. DeFi Development Corp's holdings are valued at $198.9 million, with an unrealized gain of approximately $36.8 million. SOL Strategies' holdings are valued at $66.0 million, with an unrealized gain of $3.9 million. Torrent Capital's holdings are valued at $6.7 million, with a gain of about $0.2 million [3].

These public companies are leveraging Solana's technology to enhance their treasury strategies and diversify their portfolios. The growing trend of tokenization, with Backed Finance's xStocks launching on Solana's DeFi ecosystem, is also seen as a positive tailwind for the network.

References:
[1] https://www.coindesk.com/markets/2025/08/05/solana-treasury-company-upexi-surpasses-2m-in-sol-holdings
[2] https://coincodex.com/article/71085/sol-treasuries-surge-with-major-purchases-solana-strengthens-mobile-push-as-seeker-phone-starts-shipping/
[3] https://blockchain.news/news/public-companies-significant-solana-sol-holdings-revealed