Solana News Today: SOL Strategies, SOL Global Double Down on Solana Amid Volatility

Solana (SOL) experienced a 4.89% decline in the last 24 hours, dropping to $150, amid broader market volatility. However, recent developments from key stakeholders in the Solana ecosystem suggest long-term optimism. Companies such as SOL Strategies and SOL Global Investments are making strategic moves to strengthen their positions in the blockchain space, even as price fluctuations persist, according to SOL Strategies' October update.

SOL Strategies Inc. (NASDAQ: STKE), a publicly traded firm focused on the Solana ecosystem, reported significant progress in October 2025. The company deployed proceeds from a CAD $30 million upsized offering to acquire and stake additional SOL tokens, boosting its treasury to 526,513 SOL (valued at approximately CAD $137 million at the time of reporting). The firm also completed SOC 1 and SOC 2 Type 2 audits, enhancing its institutional-grade compliance credentials.

Interim CEO Michael Hubbard emphasized the importance of these milestones, stating that the audits and partnerships with platforms like Netcoins and Crypto.com are critical for institutional adoption. The company's validator operations generated ~787 SOL in September, with a reported 6.68% APY—surpassing the network average of 6.45%.

Despite the recent dip, analysts remain bullish on Solana's long-term potential. A recent BitcoinWorld price projection suggests that SOL could reach $500 by 2030, driven by factors such as network adoption, enterprise integration, and macroeconomic trends in digital assets. The study highlights Solana's unique proof-of-history consensus mechanism, which enables high-speed transactions and scalability, as a key differentiator in the competitive blockchain landscape.

However, the BitcoinWorld analysis also cautions that risks such as regulatory uncertainty and competition from emerging platforms could hinder growth. Investors are advised to adopt strategies like dollar-cost averaging and diversification to mitigate volatility.

SOL Global Investments Corp. (CSE: SOL) has also realigned its focus to prioritize Solana. The company announced a reorganization in December 2024, transferring non-Solana assets into a separate entity and eliminating encumbered debt. This move allows SOL Global to concentrate on expanding its Solana holdings and blockchain innovation initiatives, as detailed in SOL Global's 2025 Q3 MD&A.

In 2025, the firm raised CAD $3.6 million through a private placement and completed a $4 million debenture offering to fund further investments. The restructured entity now holds a minority stake in a special-purpose vehicle (SPV), which remains focused on Solana-related opportunities.

While strategic advancements by companies like SOL Strategies and SOL Global underscore confidence in the Solana ecosystem, challenges remain. Regulatory developments, macroeconomic conditions, and competition from other layer-1 blockchains could influence both short-term volatility and long-term adoption.

For now, investors are watching key metrics: continued treasury growth by SOL Strategies, the outcome of CEO searches, and the success of partnerships with platforms like Netcoins and Crypto.com. Meanwhile, the broader market's reaction to Solana's price action will likely dictate whether the $500 target becomes a reality by 2030.