Corporate Solana Holdings: The Rise of SOL as a Treasury Asset

In mid-2025, the spotlight on corporate digital asset treasuries began to widen. While Bitcoin and Ethereum remain the headline assets, Solana has quietly secured a place in corporate balance sheets.

Known for its speed, low transaction fees, and strong developer ecosystem, Solana is now being considered not just by crypto-native firms, but also by consumer goods companies, education providers, and financial institutions.

This growing trend marks an important shift in how businesses diversify their reserves and plan for the future.

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Key Takeaways

1. Solana is emerging as a corporate treasury asset thanks to speed, low costs, and staking yields.

2. Several companies have already committed millions to SOL, using strategies like staking and validator operations.

3. Solana treasuries provide different benefits compared to Bitcoin, offering yield and more network involvement.

Why Companies Are Building Solana Treasuries

For many companies, Solana offers a unique combination of utility and financial opportunity. Unlike Bitcoin, which serves primarily as a store of value, Solana allows firms to actively participate in the network while earning returns.

The blockchain is known for its high throughput and minimal fees, making it a practical choice for companies exploring decentralized finance integrations or tokenized assets.

One major draw is staking. Firms that hold Solana can stake their tokens and earn between 6% to 8% annually.

This yield, comparable to traditional fixed-income assets, provides consistent returns while supporting the network’s security. For treasury teams, it turns a digital asset allocation into an income-generating position.

Another reason is ecosystem maturity. With asset tokenization projects like BlackRock’s BUIDL fund and Franklin Templeton’s BENJI fund already live on Solana, credibility has grown.

This has encouraged companies to explore Solana not just as a speculative play, but as part of a structured treasury strategy.

Solana is no longer just a developer’s blockchain; it is becoming a financial instrument that supports corporate growth plans.

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Top 7 Public Companies Holding Solana

Here are the top 7 public companies leading the way in Solana adoption. These firms have made significant SOL investments, building structured treasuries and staking strategies that show how seriously they view Solana as a long-term corporate asset.

Upexi

Upexi holds over 1.8 million SOL, worth around $331 million. The company structured its treasury with a mix of discounted locked token purchases and a $200 million private placement.

Almost all tokens are staked, generating approximately $26 million annually. CEO Allan Marshall describes their approach as a model for altcoin-based corporate finance.

DeFi Development Corp (DFDV)

DeFi Development Corp (DFDV) has accumulated nearly one million SOL, valued at $189 million. Their strategy centers on long-term holdings of scalable Layer 1 assets.

While they have not shared detailed staking data, filings show a clear commitment to using SOL as a cornerstone treasury asset.

Sol Strategies Inc. (HODL)

HODL has about 260,000 SOL, worth roughly $47 million. The company raised $500 million through convertible notes to build its treasury and validator operations.

Around 60% of its holdings are staked, reflecting an approach similar to Bitcoin treasuries but tailored to Solana’s active ecosystem.

Classover Holdings

Classover holds around 52,000 SOL, approximately $10 million in value. A notable 75% of its tokens are staked, showing how even smaller firms use staking to maximize treasury efficiency. Their focus lies in creating sustainable cash flow from staking rewards.

Torrent Capital Ltd.

Torrent holds around 40,000 SOL, valued at about $7.6 million. Though smaller in size, its treasury reflects a deliberate move toward long-term exposure and yield generation. Torrent’s gradual approach highlights a strategy of measured growth.

Mercurity Fintech Holding

Mercurity has secured a $200 million equity line agreement with Solana Ventures to build its treasury.

Although specific holdings are undisclosed, the plan involves buying SOL, staking, running validators, and investing in Solana-based protocols.

Bit Mining

Bit Mining, known for its Bitcoin operations, has announced plans to raise up to $300 million for its Solana treasury.

While wallet data has not yet been shared, the company intends to allocate a significant portion to validator setups and token acquisition.

Read Also: Solana Price Prediction: SOL 50x to $500 Amid ETF Buzz & Whale Buy?

Solana vs. Bitcoin Treasuries

When comparing Solana to Bitcoin treasuries, the differences are clear. Bitcoin is often used for its scarcity and liquidity, making it a straightforward store of value. However, Bitcoin does not provide yield or opportunities for active participation in the network.

Solana, on the other hand, offers multiple layers of return. Companies can stake their holdings for steady yield, run validators to support the network, and engage directly with decentralized finance protocols.

This flexibility makes Solana more than just a reserve asset. It becomes a tool for treasury growth and ecosystem participation.

That said, risks are present. Solana’s price volatility requires careful treasury management. Network stability has improved, but companies must still account for potential performance issues.

Regulatory clarity also remains limited, adding complexity to public disclosures and accounting practices.

Despite these challenges, Solana’s treasury appeal continues to grow. Its combination of yield, scalability, and expanding institutional use cases positions it as one of the most interesting corporate treasury assets of 2025.

Read Also: Solana Price Analysis: Can SOL Reach $300?

Conclusion

The rise of corporate Solana holdings shows how far digital assets have come in mainstream finance.

From Upexi’s billion-dollar allocation strategies to smaller firms like Classover building validator-focused treasuries, companies are actively finding ways to integrate SOL into their balance sheets.

While risks remain, the long-term potential of Solana as both a financial and operational tool is undeniable.

For investors and businesses, monitoring these developments is crucial. Solana is not replacing Bitcoin in treasuries, but it is carving its own path.

With institutional interest climbing and more companies planning strategic allocations, Solana’s role as a corporate treasury asset will likely expand.

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FAQ

What makes Solana attractive to companies for treasury holdings?

Solana combines fast transactions, low fees, and staking rewards, making it a practical and income-generating treasury asset for businesses.

Which companies currently hold the most Solana?

Upexi, DeFi Development Corp, and Sol Strategies Inc. are among the top holders, with allocations ranging from hundreds of thousands to over one million SOL.

How does Solana compare to Bitcoin as a treasury asset?

Bitcoin offers scarcity and liquidity but no native yield. Solana provides staking income, validator opportunities, and integration with decentralized finance.

What risks do companies face when holding Solana?

Risks include price volatility, potential network instability, and regulatory uncertainty. Treasury managers must balance these with potential returns.

Will more institutions adopt Solana for treasuries in the future?

Yes. With rising institutional interest, capital raises, and ecosystem growth, more companies are expected to adopt Solana as part of their treasury strategies.

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