Solana Corporate Treasuries Surge Past $4 Billion
Data from the Strategic Solana Reserve tracker reveals that corporate treasuries based on Solana have amassed 17.11 million SOL tokens, valued at over $4 billion at current market prices. This accumulation accounts for nearly 3% of Solana’s circulating supply, which exceeds 600 million tokens.
Leading Companies Driving SOL Accumulation
The largest holder among these corporate treasuries is Forward Industries, controlling more than 6.8 million SOL tokens worth approximately $1.61 billion. Other notable holders include Sharps Technology, DeFi Development Corp., and Upexi, each maintaining around 2 million SOL with individual holdings exceeding $400 million.
Forward Industries initiated its Solana reserve on September 8, supported by crypto-native firms such as Galaxy Digital, Multicoin Capital, and Jump Crypto. Following this announcement, Galaxy Digital notably acquired up to $306 million in SOL tokens within a single day.
Additionally, Helius Medical Technologies launched a $500 million Solana treasury reserve, backed by venture capital and hedge fund Pantera Capital alongside fund manager Summer Capital. Pantera Capital’s CEO Dan Morehead recently emphasized Solana’s network strengths, describing it as the “fastest, cheapest, most-performing” blockchain, while disclosing the firm’s $1.1 billion SOL position.
Comparison with Bitcoin and Ether Reserves
Despite the rapid growth in Solana reserves, they remain modest compared to Bitcoin and Ether holdings. BitcoinTreasuries.NET reports 3.71 million BTC held in corporate treasuries, valued at roughly $428 billion and representing about 17% of Bitcoin’s total supply of 21 million coins.
Similarly, Ether-based corporate holdings are substantially larger, with nearly 5 million ETH valued over $22 billion, according to Strategic ETH Reserve. Additionally, Ether ETFs hold approximately 6.77 million ETH, worth over $30 billion.
FinOracleAI — Market View
The growing corporate accumulation of Solana tokens signals increasing institutional confidence in the SOL network, driven by its scalability and cost advantages. However, the scale of these reserves remains small relative to Bitcoin and Ether, indicating room for further growth. Market participants should monitor ongoing corporate treasury activities and broader adoption metrics to assess sustained demand.
Impact: positive
