Solana Treasury Firms Hold Over 10M SOL Worth $2.5B
16 Solana treasury firms now hold 10.2M SOL worth $2.5B, led by Sharps Technology, DeFi Development, and Upexi.
- 16 firms collectively hold 10.2M SOL.
- Top holders include Sharps Tech, DeFi Dev & Upexi.
- These holdings represent 1.79% of SOL’s total supply.
According to recent data from SSR, 16 companies with Solana treasury wallets currently hold over 10,289,000 SOL, translating to approximately $2.5 billion at current market rates. These holdings represent 1.79% of Solana’s total circulating supply, showcasing the increasing institutional confidence in the Solana blockchain ecosystem.
The significance of such a large concentration of SOL tokens in treasury accounts highlights the long-term commitment of these firms to the Solana network. It also suggests strong expectations for the future performance and utility of SOL in both DeFi and enterprise applications.
Top Three Holders Have Over 6M SOL Combined
Out of the 16 firms, three names stand out due to their massive individual holdings:
- Sharps Technology
- DeFi Development
- Upexi
Each of these companies holds more than 2 million SOL, contributing to more than 60% of the total SOL held across all 16 treasuries. Their large stakes not only underscore their confidence in Solana’s future but also give them considerable influence within the ecosystem.
Institutional Support Reflects Solana’s Growing Credibility
This level of treasury holding suggests a growing institutional presence in the Solana ecosystem. These treasuries likely use SOL for a variety of purposes including staking, governance, and strategic development.
As Solana continues to expand its footprint in sectors like decentralized finance, NFTs, and enterprise blockchain solutions, such treasury support could play a pivotal role in shaping its future. It also sets a precedent for other firms considering Solana as a base layer for their blockchain-based operations.
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