|

Solana Treasury Firms Boost Holdings to 6.5M SOL as Upexi Posts 126% Surge

🚨

Solana treasury companies are quickly increasing their holdings, with complete reserves climbing to 6.49 million SOL, as institutional curiosity within the community exhibits no indicators of slowing.

The newest disclosures from BIT Mining Limited and Upexi Inc. present the rising momentum behind company Solana treasuries, reflecting each long-term conviction and short-term features from the token’s value rally.

Corporate Bets on Solana Grow as Treasury Gains and Staking Income Accelerate

BIT Mining Limited, a cryptocurrency infrastructure firm getting ready to rebrand as SOLAI Limited, announced the purchase of an extra 17,221 SOL this week.

The acquisition brings its treasury to greater than 44,000 SOL, valued at roughly $9.95 million as of September 10, 2025.

Chairman and COO Bo Yu mentioned the corporate sees continued worth in strengthening its presence inside the Solana ecosystem, including that validator operations will stay central to its technique of securing the community and capturing staking rewards.

While BIT Mining remains to be within the early levels of constructing its Solana portfolio, Upexi Inc. has already emerged as one of many largest company holders.

The provide chain and client merchandise firm shifted in April to deal with a Solana treasury technique and now reports holdings of 2,018,419 SOL valued at $447 million.

That determine displays an unrealized acquire of $142 million, with many of the firm’s tokens staked to generate an annual yield of round 8%. Daily staking rewards presently stand at roughly $105,000.

Upexi’s treasury technique has additionally delivered gains on a per-share foundation. The agency launched an “adjusted SOL per share” metric to replicate the impact of capital issuance, staking earnings, and discounted locked SOL purchases.

As of September 10, adjusted SOL per share stood at 0.0197, or $4.37 in greenback phrases, up 56% and 126%, respectively, since launching the initiative.

Chief Executive Allan Marshall described latest weeks as “extraordinarily robust,” citing each treasury efficiency and better visibility by means of participation in finance conferences.

The firm has additionally established an advisory committee to strengthen its positioning, with former BitMEX CEO Arthur Hayes becoming a member of as its first member.

Chief Strategy Officer Brian Rudick emphasised Upexi’s execution, pointing to three capital issuances that had been “materially within the cash” and continued progress in SOL per share as proof of treasury administration success.

BIT Mining, however, shifted to Solana earlier this yr when it unveiled plans to raise up to $300 million to build an SOL treasury and transition away from its legacy deal with Bitcoin, Litecoin, Dogecoin, and Ethereum Classic mining.

Under the technique, all present crypto holdings are being transformed into SOL, with funds to be raised in phases relying on market situations.

BIT Mining has additionally launched DOLAI, a U.S. dollar-denominated stablecoin deployed on Solana in partnership with Brale Inc.

The stablecoin is designed to join AI brokers, retailers, shoppers, and institutional finance, whereas finally increasing to multi-chain use instances.

BIT Mining, presently the seventeenth largest public Bitcoin miner by market cap, now sees its future anchored in Solana staking, treasury progress, and blockchain-enabled companies.

The surge in treasury exercise comes as SOL itself continues its regular climb. The token is buying and selling round $226, up 1.2% on the day and edging nearer to its all-time high of $293 set in 2021.

Institutional Treasuries Pour Billions Into Solana as New Vehicles Launch

Institutional curiosity in Solana is intensifying as main companies put together multi-billion-dollar treasury methods on the blockchain.

For instance, on August 25, Galaxy Digital, Jump Crypto, and Multicoin Capital entered advanced talks to raise about $1 billion for a new Solana-focused treasury vehicle, with Cantor Fitzgerald advising on the deal.

The plan includes buying a publicly traded entity to kind one of many largest company reserves devoted to Solana, surpassing the scale of all present treasuries.

Meanwhile, DeFi Development Corp added 196,141 SOL to its balance sheet on September 5, spending $39.76 million at a mean value of $202.76 per token.

The buy lifted its complete holdings above 2 million SOL, valued at $412 million, with the agency confirming plans to stake its full place for yield.

On September 8, Forward Industries announced a $1.65 billion private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital, with present shareholder C/M Capital Partners becoming a member of. The elevate, one of many largest Solana-specific financings to date, closed on September 11.

The firm mentioned proceeds would fund a brand new cryptocurrency treasury program centered on SOL purchases, together with working capital and future offers.

Adding to the momentum, Canada-based SOL Strategies began trading on Nasdaq under the ticker STKE on September 10 with $94 million in Solana treasury holdings, turning into the primary U.S.-listed Solana-focused public firm.

Following a share consolidation to meet alternate necessities, the agency now manages 3.62 million SOL beneath delegation, together with 402,623 from its treasury, and studies document staking participation from almost 9,000 wallets.

According to CoinGecko’s Solana treasury reserve knowledge, seven entities now maintain 1.20% of Solana, valued at $1.4 billion.

Source: CoinGecko

Solana Breaks $220 as DeFi TVL Hits Record $12.2B Amid Institutional Accumulation

Solana (SOL) has climbed above $220 for the first time since February, hitting a seven-month high as capital flows and technical indicators level to renewed momentum. The rally comes despite a slowdown in new consumer onboarding, with deal with creation at a five-month low.

Analysts recommend the surge is being pushed by present holders and institutional accumulation reasonably than contemporary retail inflows.

Large-scale purchases have added to the bullish tone. Data show Galaxy Digital purchased 430,000 SOL price $97 million from Binance inside an hour, bringing its 12-hour complete to 1.35 million SOL valued at $302 million.

Arkham Intelligence additionally identified four new wallets receiving 222,644 SOL, price $48.2 million, from Coinbase Prime in what seems to be coordinated accumulation.

On the DeFi aspect, Solana reached a brand new milestone with complete worth locked (TVL) surpassing $12.2 billion on September 11, edging previous its earlier document of $12 billion in January.

TVL has grown 15% prior to now month and greater than doubled from $4.8 billion firstly of 2024.

Solana now leads Ethereum’s Layer-2 networks mixed, although Ethereum continues to dominate DeFi with almost $97 billion locked.

From a technical standpoint, Solana flashes bullish indicators after breaking out of a symmetrical triangle sample at round $212, suggesting a possible upside of $240.

Source: TradingView

Other charts additionally present a double backside close to $198–200, confirmed by a breakout above the $212 neckline, projecting short-term targets of $222–224.

Indicators assist the transfer, with the MACD histogram turning inexperienced and the RSI trending greater, exhibiting renewed shopping for energy.

Analysts be aware that holding above $210–212 is vital for continuation, with resistance seen at $220–224.

A drop beneath $208 may weaken the setup, however momentum favors a push greater within the close to time period.

The publish Solana Treasury Firms Boost Holdings to 6.5M SOL as Upexi Posts 126% Surge appeared first on Cryptonews.

Similar Posts