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- Solana Company holds over 2.2 million SOL, valued at $530M.
- Institutional interest in Solana is rising, especially in Asia.
- Public companies increasingly view SOL as a treasury asset.
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Nasdaq-listed Solana Company, formerly Helius Medical Technologies, revealed it has accumulated over 2.2 million SOL tokens as part of a strategic digital asset treasury plan. At current market prices near $234 per SOL, the company’s Solana holdings and cash reserves now approach $530 million—surpassing the total gross proceeds from its September private placement.
Executive Chairman Joseph Chee emphasized that institutional demand, particularly from Asia, has exceeded expectations following recent digital asset conferences. The company aims to maximize shareholder value by efficiently accumulating Solana, a strategy reminiscent of Michael Saylor at MicroStrategy and Tom Lee at BMNR, according to Cosmo Jiang of Pantera Capital.
Institutional Adoption of Solana Accelerates
Solana Company joins a growing list of publicly traded firms recognizing Solana as a viable balance-sheet asset. VisionSys recently launched its own Solana treasury initiative in collaboration with staking protocol Marinade Finance. Meanwhile, Forward Industries has committed $1.65 billion to a new Solana-focused vehicle backed by Galaxy Digital, Jump Crypto, and Multicoin Capital. Other firms, including DeFi Development Corp., Sol Strategies, and Upexi, have also disclosed Solana holdings.
These developments highlight an emerging trend: institutional products are increasingly diversifying beyond Bitcoin and Ethereum, viewing Solana as a core portfolio asset.
Also Read: Solana Could Be the Next Wall Street Blockchain, Says Bitwise CIO
Staking and ETF Developments Signal Mainstream Growth
Adding to the momentum, Grayscale recently enabled staking for its Ethereum ETFs and its Solana trust. This move could open the door for one of the first spot Solana ETFs in the U.S., creating more institutional pathways for exposure to SOL. Analysts suggest such developments reinforce confidence in Solana as a long-term digital asset for both corporations and investors.
Solana’s Rising Role in Corporate Treasuries
Solana’s adoption by publicly traded companies demonstrates its growing relevance in institutional finance. As more firms allocate treasury capital to SOL, the token’s visibility and utility expand, positioning it alongside Bitcoin and Ethereum as a key digital asset for corporate balance sheets.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
