Why Are Big Companies Suddenly Obsessed with Solana? The Answer’s a Riot! 🤯

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So, Coinbase throws us this report saying big-shot companies are suddenly jumping on the Solana train. Yeah, like that’s gonna end well, right? They’re basically copying MicroStrategy’s Bitcoin hoarding, but with a flashier brand.

Turns out, two companies that don’t even care about crypto and one that actually does decided 2025 was the year to go big on Solana. Because why not?

Coinbase Spots Solana Acting Like It’s the Cool Kid in Town

After causing some drama with wild price swings, Solana finishes April 2025 flexing with bullish vibes. It even managed to one-up Ethereum’s staking market cap. Ethereum must be thinking, “Really? This guy?”

Coinbase’s big report mostly nerds out on Bitcoin vs. Ethereum, but hey, they didn’t forget to mention the shiny new “Solana phenomenon.” Because who doesn’t love a good trend to talk about?

“We’re seeing the same little strategy that MicroStrategy used, now copied by a real estate finance company named Janover – run by ex-Kraken folks, no less – and Upexi, the supply-chain company listed on Nasdaq,” said David Duong, Coinbase’s Global Head of Research. Fancy title, right?

Janover managed to scrape together $42 million in convertible notes to create a “Solana reserve treasury.” Sounds fancy, but really, it’s just a glorified piggy bank. Meanwhile, Upexi raised $100 million, and over 90% of that is going to hoard and stake SOL. That’s a lot of SOL – if you like shiny internet tokens.

Coinbase compared this to newbies like Twenty One Capital buying Bitcoin, though, let’s be honest, these moves are like kiddie pools compared to the Bitcoin ocean.

Bitcoin is still the darling here, with Twenty One Capital managing a whopping 42,000 BTC (around $4 billion, for those counting).

Meanwhile, Upexi, Janover, and some mysterious SOL Strategies (who recently got $500 million to buy more Solana) are basically the small fries. Cute little players in the game.

But hey, Coinbase is paying attention, and so should you – apparently this might be “the beginning” of something bigger. Or maybe it’s just a blip. Who knows?

Let’s not get carried away: one real estate firm and one supply chain company buying Solana doesn’t exactly scream “institutional crypto takeover.”

If Solana’s corporate stash wants to make any actual noise, these companies better keep buying and staking until we’re all sick of hearing about them.

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2025-04-25 22:46