Solana News Today: Institutional Capital Targets Solana as New Gold Standard for Digital Treasuries

SOL Strategies and DeFi Development Corp. have both made significant strides in expanding Solana's institutional footprint, with recent developments suggesting growing interest in the blockchain ecosystem from both public market participants and investment firms. SOL Strategies, a Toronto-listed digital asset firm, has secured a Nasdaq listing for its common shares under the ticker STKE, with trading set to begin on Sept. 9. The company reported holding 435,064 Solana (SOL) tokens as of Aug. 31, valued at approximately CAD$122 million, following a strategic pivot initiated in the second quarter of 2024. CEO Leah Wald highlighted that the Nasdaq listing aims to increase visibility with institutional investors, enhance liquidity, and support the company’s validator operations and ecosystem investments [1].

Meanwhile, DeFi Development Corp., a Nasdaq-listed firm that transitioned from a commercial real estate data platform to a Solana-focused treasury, has continued to expand its holdings. The company recently acquired an additional 196,141 SOL tokens at an average price of $202.76, bringing its total holdings to 2,027,817 SOL, valued at around $409 million. These tokens are being staked across a range of validators, including DeFi Development’s own nodes, to generate yield. The firm is utilizing a $5 billion equity line of credit to fund these acquisitions, with only 0.4% of the facility used so far. As of Sept. 4, the company had 25,573,702 shares outstanding, equating to an "SOL per Share" metric of 0.0793 [2].

The aggressive accumulation of Solana tokens by institutional investors is further underscored by reports that Galaxy Digital, Jump Crypto, and Multicoin Capital are in discussions to raise approximately $1 billion to create the largest Solana treasury to date. Bloomberg reported that Cantor Fitzgerald is expected to serve as the lead banker for the initiative, which may involve taking over a publicly traded company and reconfiguring it as a digital asset treasury vehicle focused on Solana. The Solana Foundation has reportedly provided support for the plan, with a potential closing date in early September [3].

Despite the substantial growth in Solana treasury assets, market volatility has impacted stock performance. Shares of DeFi Development Corp. (DFDV) have declined 57% from their peak but still show a 1,710% increase year-to-date. SOL Strategies' shares, however, have risen 8% in Toronto trading. Analysts have noted that while shares remain under pressure amid broader market scrutiny of crypto-related investments, the underlying Solana token holdings continue to appreciate in value.

The growing institutional interest in Solana has positioned the blockchain as a potential high-growth asset, with some analysts forecasting substantial returns. According to reports, the $1 billion allocation plan by Galaxy, Jump, and Multicoin could further accelerate the adoption of Solana-based treasuries and staking infrastructure, reinforcing the network's appeal to institutional capital. However, such forecasts are subject to market conditions and broader regulatory developments, which remain key variables in the trajectory of the Solana ecosystem [3].

Source:

[1] SOL Strategies Wins Nasdaq Listing, Shares to Trade ... (https://www.coindesk.com/business/2025/09/05/sol-strategies-wins-nasdaq-listing-shares-to-trade-under-stke)

[2] Solana treasury DeFi Development's holdings surpass 2 ... (https://www.theblock.co/post/369550/solana-treasury-defi-developments-holdings-surpass-2-million-sol)

[3] DeFi Development Corp Acquires 196K SOL, Boosts Holdings ... (https://finance.yahoo.com/news/defi-development-corp-acquires-196k-083455035.html)