In a surprisingly enthusiastic frenzy-or perhaps a corporate-wide case of shiny-object syndrome-Solana-based corporate treasuries have skyrocketed past $4 billion. Yes, billion, with a B as big as a Vogon poetry fan’s ego. Companies are busy scooping up the cryptocurrency like it’s the last slice of pizza at a tech conference buffet, according to data fresh enough to still be warm.
The ever-watchful Strategic Solana Reserve tracker reported on Tuesday that treasuries now boast a hefty 17.11 million tokens, valued at a cool $4.03 billion. That’s roughly 3% of the entire Solana supply, which totals over 600 million tokens. Somewhere in a parallel universe, 97% of Solana is probably hanging out at a cryptic barbeque without an invite.
The corporate MVP of this token hoarding contest is none other than Forward Industries, clutching more than 6.8 million SOL tokens-worth $1.61 billion, or roughly the GDP of a small, crypto-obsessed island nation. Other firms like Sharps Technology, DeFi Development Corp., and Upexi are no slackers either, each lugging around approximately 2 million SOL tokens, like squirrels stuffing nuts for a blockchain winter.
Institutions continue SOL accumulation
Forward Industries unveiled its Solana reserve last Monday, appearing to say, “Yes, we want more of that.” The plan involves crypto-native firms such as Galaxy Digital, Multicoin Capital, and Jump Crypto funding their efforts-basically an exclusive party where the password is “SOL or bust.”
The announcement kicked off a SOL buying binge that would put a supermarket Black Friday to shame, with Galaxy snagging up to $306 million worth of Solana tokens in a single day. Because why buy one luxury yacht when you can have an entire fleet powered by blockchain?
Not to be outdone, Helius Medical Technologies started a $500-million Solana treasury reserve the same day, backed by the ever-watchful crypto venture capital and hedge fund wizards Pantera Capital and fund manager Summer Capital. Looks like everyone’s cashing in on Solana faster than you can say “decentralized ledger.”
In a moment that will surely keep crypto dreamers up at night, Pantera Capital CEO Dan Morehead dubbed Solana “the fastest, cheapest, most-performing” blockchain network in a CNBC interview on Monday-while quietly revealing that his company is hanging on to a $1.1 billion pile of Solana tokens. A modest chap, clearly.
Bitcoin and Ether reserves
So is this the rise of Solana, the new crypto kingpin? Not quite yet. It’s still playing catch-up to the seasoned veterans Bitcoin and Ether, who hold their own treasure troves with an air of “been there, mined that.”
According to BitcoinTreasuries.NET, corporate wallets now hold about 3.71 million BTC-worth a staggering $428 billion-which represents roughly 17% of the entire Bitcoin supply of 21 million. It’s safe to say Bitcoin’s digital fort is well stocked, possibly guarded by virtual dragons or at least some very serious cryptographers.
Meanwhile, Ether hasn’t been napping on the job either. Strategic ETH Reserve reports nearly 5 million ETH held by corporate entities, worth over $22 billion, plus another 6.77 million ETH tucked away in ETFs valued at over $30 billion. Ethereum’s probably thinking, “Nice try, Solana, but I’ve got layers… like a blockchain onion.”
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2025-09-16 15:51