Solana is experiencing a significant surge in institutional interest, with publicly traded companies now holding more than $591 million worth of SOL. Recent data from CoinGecko shows that Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital have collectively obtained over 3.5 million SOL, marking a notable increase in corporate accumulation for the asset.
Institutional Demand for Solana On the Rise
The demand for Solana among institutional investors is rapidly growing, signaling a shift in market sentiment as major players seek exposure to SOL. A report by CoinGecko reveals that four publicly listed companies have acquired more than 3.5 million SOL, now valued at over $591 million.
Further Reading
Leading the way is Upexi, a key player in the Solana treasury arena. Since late April 2025, Upexi has accumulated 1.9 million SOL at an average cost of $168.63 per token, investing around $320.4 million. Despite a slight decrease in value, the company’s entire position is staked, earning an 8% annual yield as of June 30.
Following closely behind is DeFi Developments Corp, an AI-powered online platform, holding approximately 1,182,685 SOL in its treasury. The company has been aggressively accumulating SOL, most recently adding 181,303 SOL on July 29. With an unrealized gain of $36.8 million, DeFi Dev Corp’s holdings are now valued at $198.9 million.
SOL Strategies, based in Toronto, has steadily acquired 392,667 SOL since mid-2024. With a current value of $66 million and a $3.9 million gain, the company’s disciplined investment strategy is paying off. Lastly, Torrent Capital, a publicly traded investment firm, holds 40,039 SOL, realizing a profit amid Solana’s 2025 rally.
Together, these four companies control approximately 0.65% of Solana’s circulating supply and 0.58% of its total supply.
Insights into Public Companies’ SOL Acquisitions
CoinGecko’s report provides valuable insights into how each company approaches its SOL holdings. While their accumulation methods differ, all four companies show growing confidence in Solana’s long-term potential.
Additional Reading
Upexi swiftly built the largest SOL treasury in just four months, indicating a strong conviction and a long-term investment outlook. DeFi Developments Corp strategically adds to its position during market downturns while maintaining a steadfast hold on its holdings.
On the other hand, SOL Strategies adopted a gradual accumulation approach over 13 months, utilizing dollar-cost averaging and staking rewards for a disciplined, long-term strategy. Torrent Capital strategically timed its moves to secure profits ahead of Solana’s 2025 surge.
Image source: Adobe Stock, chart source: Tradingview.com