Solana News Today: Institutional Capital Shifts: Public Companies Turn to Solana as Digital Treasury Standard

Institutions have injected $1.72 billion into Solana reserves through a growing number of publicly traded companies establishing digital asset treasuries (DATs), according to data from the Strategic SOL Reserve. As of August 27, 2025, 13 entities collectively hold 8.277 million SOL, representing 1.44% of Solana’s total supply. This includes 585,059 staked SOL valued at $104.1 million, with an average yield of 6.86%. The largest holdings are managed by Sharps Technology Inc., which controls 3.4 million SOL worth $445.4 million, and Upexi Inc., which holds 2 million SOL valued at $416.3 million. DeFi Development Corp. and Mercurity Fintech Holding also hold significant amounts, with 1.42 million and 1.083 million SOL, respectively.

The rapid accumulation of Solana by institutional players reflects a broader trend where smaller public companies are converting their balance sheets into crypto exposure, mimicking the strategy pioneered by Strategy (MSTR) with Bitcoin. These firms raise capital through equity offerings to fund their Solana purchases, effectively turning their shares into proxies for the cryptocurrency. The current wave of investment is led by major institutional players like Pantera Capital, which is in the process of raising up to $1.25 billion for a dedicated Solana treasury firm. This effort could potentially create the largest corporate Solana treasury, surpassing the $650 million currently held by public companies. Pantera has already committed $400 million to Sharps Technology, contributing to the latter’s $400 million equity raise to fund its Solana treasury.

Sharps Technology’s move, which includes bringing on Alice Zhang—co-founder of Solana-backed Jambo—as its chief investment officer, signals a strategic pivot toward Solana as an institutional asset. The company’s shares surged over 70% on the news, with the Solana Foundation agreeing to sell $50 million in SOL tokens at a 15% discount to further fuel the initiative. This trend is not isolated, as other firms like Upexi and DeFi Development Corp. are also expanding their holdings, with DeFi Development Corp. recently raising $125 million through an equity offering to bolster its position. Meanwhile, crypto heavyweights Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly in the process of raising $1 billion to establish their own Solana-focused DAT, further signaling confidence in the asset.

The impact of these institutional moves is already being felt in the broader market. Solana’s price has risen 8% since yesterday, outpacing both Ethereum and Bitcoin over the past 90 days, and is currently trading at $202.05. The cryptocurrency’s market capitalization stands at $109.3 billion, with a 24-hour trading volume of $9.23 billion. Despite recent gains, Solana remains approximately 31% below its all-time high of $294.85, reached on January 19, 2025. Analysts have noted that while on-chain activity and leveraged demand have been relatively subdued, a potential spot ETF approval by the U.S. Securities and Exchange Commission could serve as a catalyst for further appreciation. Institutional backing and ongoing developments in Solana’s ecosystem—such as increased protocol buybacks and cross-chain integrations—are also contributing to its growing appeal as a high-throughput, scalable blockchain platform.

The expansion of Solana treasuries has been supported by both venture capital and market infrastructure players. ParaFi, FalconX, and CoinFund have also participated in raising capital for DATs, with some investors viewing these vehicles as more efficient than traditional ETFs in generating yield through staking and other on-chain activities. The trend has attracted attention from major financial institutions, including Fidelity, which has highlighted Solana’s position as a key player in the blockchain space alongside Bitcoin and Ethereum. While the market remains cautious due to macroeconomic uncertainties and potential volatility, the continued inflow of capital into Solana treasuries suggests a strong institutional conviction in the asset’s long-term potential.

Source: [1] Solana Price, SOL Price, Live Charts, and Marketcap (https://www.coinbase.com/price/solana) [2] Institutions Hold $1.72 Billion In Solana, Strategic Reserve (https://finance.yahoo.com/news/institutions-hold-1-72-billion-183405203.html) [3] Small medical firm plans $400 million Solana purchase as (https://fortune.com/crypto/2025/08/25/sharps-technology-solana-bitcoin-ethereum-parafi-pantera-coinfund/) [4] Solana Treasury News: Sharps (STSS) Jumps 75% on (https://www.coindesk.com/business/2025/08/25/sharps-technology-jumps-70-after-raising-usd400m-for-solana-treasury) [5] Pantera Capital Eyes $1.25B Solana Treasury Company (https://coinmarketcap.com/academy/article/pantera-capital-eyes-dollar125b-solana-treasury-company) [6] SOL Rally To $250 May Happen In 2025 (https://cointelegraph.com/news/sol-could-rally-to-250-if-three-key-factors-align) [7] Solana (SOL-USD) Price Forecast - Trading News (https://www.tradingnews.com/news/solana-sol-usd-price-forecast-whale-accumulation-and-etf-buzz-push-sol-toward-295-usd) [8] SOL.CM=: Solana/USD Coin Metrics - Stock Price, Quote (https://www.cnbc.com/quotes/SOL.CM=)