Solana News Today: Global firms inject $1.75B into Solana BNB Ethereum treasuries amid digital asset shift

Global companies are accelerating their investments in major cryptocurrencies, with a collective $1.75 billion expected to be injected into Solana (SOL), BNB, and Ethereum (ETH) treasuries in the coming months. This surge in institutional-grade crypto allocation reflects a growing trend among corporations to integrate digital assets into their financial strategies amid a broader market downturn [1].

China Renaissance Holdings has announced a $100 million allocation to BNB as part of a strategic partnership with YZi Labs. The move includes plans to develop Hong Kong Securities and Futures Commission (SFC)-compliant digital-asset products and a fund to tokenize traditional assets on the BNB Chain. The company emphasized its intention to leverage BNB’s infrastructure for compliant market access and real-world asset issuance [1].

B Strategy, another player in the space, is working on a U.S.-listed BNB treasury company targeting a $1 billion raise. The firm plans to hold and actively manage BNB, invest in core technology and grants, and apply public-company reporting and custody standards. Executives from Metalpha and Bitmain are part of the management team, and the initiative has attracted interest from Asia-based family offices with an APAC distribution footprint [1].

Meanwhile, Sharps Technology (Nasdaq: STSS) has priced a private placement of over $400 million to fund an Solana-denominated treasury program. The company is issuing units at $6.50, each with stapled warrants exercisable at $9.75 for three years. Investors can fund the placement with either locked or unlocked SOL, and Sharps has also signed a non-binding letter of intent with the Solana Foundation to purchase $50 million of SOL at a 15% discount to a 30-day time-weighted average price, subject to a public offering and other conditions [1].

ETHZilla (Nasdaq: ETHZ) has authorized a $250 million share repurchase program and disclosed holding 102,237 ETH at an average price of $3,948, valued at approximately $489 million. The firm plans to deploy its Ethereum through Electric Capital’s Electric Asset Protocol to generate on-chain yield. The buyback program is set to run through June 30, 2026, or earlier if the repurchase cap is reached or the board decides to terminate the program [1].

Taken together, these initiatives represent a multi-chain approach to corporate treasury management, spanning jurisdictions and financing methods. While China Renaissance pairs BNB allocations with real-world asset (RWA) fund concepts and Hong Kong regulatory pathways, Sharps is establishing a SOL reserve via equity financing. ETHZilla, in contrast, is leveraging an already substantial ETH balance sheet alongside a yield-generating strategy and capital return program.

According to the companies, approximately $1.5 billion of the total $1.75 billion will be directly allocated to token purchases—$1 billion in BNB and $500 million in SOL—while $250 million is reserved for share repurchases [1]. These developments highlight parallel routes for digital asset access and custody, including Hong Kong’s SFC pathway, a U.S.-listed BNB vehicle, and a U.S. private investment in equity (PIPE) for Solana.

The firms also emphasize the integration of treasuries with broader ecosystem development, including grants, technology investments, and tokenization of real-world assets. Verification, custody, and reporting frameworks are central to these strategies, with each firm positioning its approach to maximize value per share or bridge traditional finance with digital infrastructure under regulatory compliance [1].

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[1] https://cryptoslate.com/solana-bnb-ethereum-to-get-1-75b-injection-as-global-companies-accelerate-crypto-treasury-buys/