Corporate treasuries holding Solana have surged past $4 billion, highlighting growing institutional appetite for the token. According to the Strategic Solana Reserve, total holdings reached 17.11 million SOL, worth $4.03 billion at current prices, accounting for nearly 3% of Solana’s circulating supply.
The largest holder, Forward Industries, controls over 6.8 million SOL valued at $1.61 billion. Other participants include Sharps Technology, DeFi Development Corp., and Upexi, each allocating more than $400 million in Solana reserves. Forward Industries recently launched its Solana reserve, backed by Galaxy Digital, Multicoin Capital, and Jump Crypto, which triggered heavy buying activity. Galaxy alone acquired $306 million worth of SOL in a single day.
Meanwhile, Helius Medical Technologies announced a $500 million Solana treasury reserve led by Pantera Capital and Summer Capital. Pantera CEO Dan Morehead described Solana as the “fastest, cheapest, most-performing” blockchain and confirmed a $1.1 billion position in SOL, reinforcing confidence in the network’s long-term role in institutional crypto adoption.
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