Solana News Today: Four firms snap up 0.65% of Solana supply in $591M buying spree

Institutional buying in Solana (SOL) has surged to a historic level, with four publicly traded companies collectively acquiring more than 3.5 million SOL tokens, valued at over $591 million [1]. The accumulation represents a significant shift in institutional interest toward Solana, driven by its fast transaction speeds, low fees, and robust staking mechanisms [1].

Upexi, a Solana treasury company, leads the charge, having acquired 1.9 million SOL since late April 2025. The tokens were purchased at an average price of $168.63, totaling approximately $320.4 million in investment. The company's current position is valued at $319.5 million, with the entire amount staked to yield an 8% annual return as of June 30 [1]. DeFi Developments Corp follows closely, holding 1,182,685 SOL in its treasury. The company has added to its position at an aggressive pace, including 181,303 tokens on July 29 at an average price of $155.33. Its total holdings are valued at $198.9 million, with an unrealised gain of $36.8 million [1].

SOL Strategies, a Toronto-based firm, has steadily built its position from mid-2024 through July 2025, acquiring 392,667 SOL at an average price of $158.12. The position is now worth $66 million, with a $3.9 million gain. Torrent Capital, a publicly traded investment company, also made a strategic move in 2025, acquiring 40,039 SOL at an average price of $161.84. The position is now valued at $6.7 million, with a $0.2 million profit [1].

Collectively, these four firms now hold about 0.65% of Solana’s circulating supply and 0.58% of its total supply. The accumulation strategies differ—Upexi made a high-conviction, rapid acquisition, while DeFi Developments Corp added to its position during market dips. SOL Strategies used dollar-cost averaging and staking rewards for a disciplined approach. Torrent Capital’s move was strategically timed to capture gains ahead of Solana’s 2025 price rally [1].

The broader market has responded positively, with Solana’s price reflecting a steady uptrend over recent weeks. Analysts suggest that the trend reflects a broader shift in institutional crypto strategies, emphasizing diversification and exposure to high-potential blockchain innovations. The $591 million influx underscores Solana’s growing role in the DeFi and Web3 ecosystems, where its infrastructure supports high-throughput, low-cost smart contracts [1].

Sources:

[1] newsbtc.com, https://www.newsbtc.com/news/solana/institutional-solana-buying-grows/