Solana News Today: Public Companies Boost Solana Holdings for 8% Staking Yields and Treasury Diversification

Public companies are increasingly allocating capital to Solana (SOL), driven by the network’s attractive staking rewards. In recent weeks, three firms—Bit Mining, Upexi, and DeFi Development Corp—have significantly expanded their Solana holdings, marking a growing institutional interest in the blockchain’s yield-generating capabilities. These strategic moves reflect broader trends in corporate adoption of digital assets as a means of diversifying treasuries and generating passive revenue [1].

Bit Mining, a publicly traded Bitcoin mining firm, made its first foray into Solana by purchasing 27,191 SOL tokens valued at $4.5 million. The company also launched a validator node to stake the tokens and earn returns, signaling a strategic shift toward expanding its presence in the Solana ecosystem. The firm plans to raise up to $300 million to build a dedicated Solana token treasury, underlining its long-term commitment to the network [1].

Upexi, a supply chain-focused company, saw one of the most significant increases in Solana holdings, growing from 735,692 tokens at the end of June to over 2 million by mid-July. According to its CEO, the month was “game-changing,” with the firm securing over $200 million in funding to support additional purchases. Upexi is now staking the majority of its holdings, generating an estimated $65,000 daily in revenue through an 8% yield. The company now leads the list of public companies with the largest Solana treasuries, according to CoinGecko [1].

DeFi Development Corp, a firm formerly engaged in real estate financing, has also entered the Solana staking arena. After acquiring 110,466 SOL tokens, the company’s holdings now exceed 1.2 million tokens. The firm plans to stake these tokens with various validators to earn additional rewards, continuing a trend of diversifying into digital assets following its acquisition by former Kraken executives. DeFi Development Corp ranks second in corporate Solana ownership, with SOL Strategies, a Canadian firm focused on Solana infrastructure, completing the top three [1].

The trend of public companies purchasing Solana is being driven by the blockchain’s high staking yields and fast transaction speeds. BitGo, a major player in the crypto custody space, highlighted in a June report that companies are increasingly adding Solana to their balance sheets specifically for the staking rewards. This move helps firms differentiate themselves in a crowded digital asset market while aligning with emerging blockchain infrastructure [1].

According to CoinGecko, the top four public companies holding Solana collectively control over 3.5 million tokens, valued at more than $591.1 million. These holdings represent approximately 0.65% of the circulating supply of SOL. The growing institutional exposure to Solana suggests that the network is becoming a more integral part of corporate treasury strategies, particularly as more companies seek ways to generate yield from digital assets.

The increased corporate interest in Solana follows a broader trend of institutional adoption of cryptocurrencies. After many firms integrated Bitcoin into their balance sheets, digital assets have increasingly been recognized as a legitimate asset class. Solana’s attractive staking returns and scalable infrastructure position it as a compelling alternative for firms looking to diversify their holdings and generate additional revenue [1].

As more public companies announce their Solana purchases, the network’s institutional footprint is expected to grow further. The strategic shift toward staking and yield generation highlights a broader acceptance of blockchain-based investment strategies. With firms like Bit Mining, Upexi, and DeFi Development Corp leading the charge, the trend underscores the growing role of Solana in the evolving corporate crypto landscape [1].

Source: [1] Public Companies Increasing Solana Holdings Amid Growing Interest in Staking Rewards (https://en.coinotag.com/public-companies-increasing-solana-holdings-amid-growing-interest-in-staking-rewards/)