Institutional Solana Holdings Surge Past $1.77B as New Treasury Vehicles Emerge

Data Highlights Corporate SOL Allocations Amid Expanding Treasury Vehicles

Fresh figures from the Strategic SOL Reserve reveal that 13 entities, including publicly traded firms and corporate treasuries, now control a combined 8.689 million Solana, valued at $1.77 billion at a current crypto price of $204 per SOL. This represents 1.51% of the token’s total supply, underscoring the scale of institutional interest in Solana as both an investment and staking asset.

Among the largest holders, Sharps Technology Inc. (NASDAQ: STSS) leads with 2.14 million SOL worth $436.6 million, while Upexi Inc. (NASDAQ: UPXI) closely follows with 2 million SOL valued at $416.3 million, reflecting a 15.3% gain in USD terms. DeFi Development Corp. (NASDAQ: DFDV) holds 1.831 million SOL worth $295.6 million after a 5.2% rise, and Mercurity Fintech Holding (NASDAQ: MFH) controls 1.083 million SOL. The concentration of these positions highlights the growing role of public companies in Solana’s adoption.

Staking activity has intensified, with 585,059 SOL—equivalent to $104.1 million—locked to generate yields averaging 6.86%. The staked total climbed steadily from 7.7 million SOL on August 20 to nearly 8.7 million SOL by August 29, showing that institutions are not only holding but actively deploying assets into Solana’s ecosystem. The staking pool now represents 0.102% of total supply, strengthening network security while enhancing yield potential for participants.

The Strategic SOL Reserve platform details each allocation through live dashboards, offering metrics such as market cap, stock price, Solana’s traditional market cap (MNAV), and the percentage of supply attributed to each entity. Sharps Technology holds 0.372174% of circulating supply, while Upexi accounts for 0.369686%. This breakdown illustrates how institutions with backgrounds spanning healthcare, fintech, and biotechnology are converging on Solana exposure, diversifying the coin market cap landscape.

Entity performance remains uneven, with Upexi recording notable valuation growth and Sharps Technology maintaining stable positions. Meanwhile, DeFi Development Corp.’s moderate uptick signals steady institutional accumulation. The Strategic SOL Reserve’s gallery and analytics features allow detailed tracking of these shifts, presenting a clearer view of institutional inflows into Solana.

The aggregation of $1.77 billion in corporate SOL holdings adds a distinct layer to Solana’s evolving role in the broader crypto price index. It highlights a shift toward institutional allocation strategies, with real-time tracking now underscoring the importance of staking as both a yield generator and a stabilizing mechanism for the network.

Institutional momentum for Solana extends beyond the Strategic Reserve’s tracked allocations. Pantera Capital is preparing a U.S.-listed Solana treasury vehicle, tentatively named “Solana Co.”, designed to hold and stake SOL on behalf of institutional investors. The initiative seeks to raise $1.25 billion, including $500 million in equity and $750 million via warrants. The tokens are expected to be staked at yields near 7%, providing institutional-grade exposure while simultaneously reducing supply circulation.

At the same time, Galaxy Digital, Multicoin Capital, and Jump Crypto are coordinating efforts to raise $1 billion for another large-scale Solana treasury, with Cantor Fitzgerald as lead banker and backing from the Solana Foundation. The fund would more than double the current scale of the largest existing corporate SOL treasuries. Parallel moves from Bit Mining, which plans to raise $200–$300 million for a SOL reserve, point to accelerating demand from diverse sectors.

DeFi Development Corp., already among the largest holders tracked in the reserve, recently expanded its treasury with an additional 407,247 SOL worth approximately $77 million, purchased at an average of $188.98 per token. Earlier, the firm added 17,760 SOL, bringing total holdings to roughly 640,585 SOL valued near $96 million. Beyond accumulation, the company is expanding internationally, launching a UK-based arm of its treasury business with plans for further global branches.

This article has been refined and enhanced by ChatGPT.