Why Public Companies Are Loading Up on Solana

The competition to build Solana treasuries is intensifying, as public companies bet big on staking returns. This week, three firms disclosed major Solana purchases totaling millions of dollars.

In Brief

• Public companies are aggressively buying Solana to stake and earn yield, with over $590M in combined holdings.
• Upexi now holds 2M SOL, earning around $65K per day in staking rewards; BIT Mining and DeFi Development also launched validators.
• Analysts see Solana staking as a way for firms to diversify treasury strategy beyond Bitcoin and gain recurring crypto income.

Who’s in the race?

BIT Mining, a Bitcoin mining company, made its first foray into Solana by acquiring 27,191 SOL (worth $4.5 million). More than just an investment, the firm launched its own validator node to start collecting staking yield directly from the network. Upexi, a supply chain-focused brand aggregator, went even further. In July alone, it increased its SOL holdings from 735,692 to over 2 million tokens, backed by a $200 million funding raise. According to CEO Allan Marshall, most of this SOL has already been staked, earning an 8% yield, translating to roughly $65,000 in daily revenue. DeFi Development Corp, formerly a real estate-focused AI platform, now holds over 1.2 million SOL, having added 110,466 tokens this week. After its acquisition by former Kraken executives, the firm began accumulating SOL in April and is now staking across multiple validators.

Institutional appetite for yield

According to CoinGecko, the top four public firms now control over 3.5 million SOL, valued at $591.1 million, around 0.65% of the total circulating supply. This rise in holdings signals a broader institutional shift from simply holding digital assets to actively earning yield through decentralized infrastructure. BIT Mining’s chairman Bo Yu emphasized that their validator launch is “just the beginning” of a larger strategic expansion into the Solana ecosystem. The company plans to raise up to $300 million to fund additional acquisitions and build infrastructure.

Solana vs. Bitcoin

Crypto custodian BitGo recently pointed out that Solana offers a unique opportunity for treasury diversification. While Bitcoin has become a standard addition to corporate balance sheets, Solana provides reward-generating potential that can actively contribute to a firm’s revenue. BitGo noted in a June report:

Companies adopting Solana gain exposure to reward-generating digital assets, align strategically with emerging blockchain infrastructure, and differentiate themselves in the marketplace.

With growing validator participation, millions in daily yield, and increasing institutional attention, the Solana treasury race is far from over. For now, Upexi leads the charge, but with hundreds of millions in planned investment from competitors, that could change fast.

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Source: Why Public Companies Are Loading Up on Solana by Gijs O., published on Fri, 08 Aug 2025.

Frequently Asked Questions (FAQ)

Solana Staking and Treasury Diversification

Q: What is Solana staking and why are public companies interested in it? A: Solana staking allows holders to earn rewards by delegating their SOL tokens to validator nodes that secure the network. Public companies are interested in Solana staking as a way to generate yield on their digital asset treasuries, diversifying beyond traditional assets like Bitcoin and potentially earning recurring crypto income. Q: How much Solana are public companies holding? A: Public companies are rapidly increasing their Solana holdings, with the top four firms now controlling over 3.5 million SOL, valued at approximately $591.1 million. This represents about 0.65% of the total circulating supply. Q: What are the potential benefits for companies holding Solana in their treasury? A: Companies holding Solana can benefit from exposure to reward-generating digital assets, strategic alignment with emerging blockchain infrastructure, and differentiation in the marketplace. Staking Solana can provide a consistent revenue stream. Q: How does Solana's treasury strategy compare to Bitcoin's? A: While Bitcoin is often viewed as a store of value and a standard addition to corporate balance sheets, Solana offers the added advantage of reward generation through staking. This allows firms to actively contribute to their revenue through decentralized infrastructure, rather than solely relying on price appreciation. Q: Which public companies are currently leading in Solana treasury accumulation? A: As of recent reports, Upexi is a notable leader, holding over 2 million SOL and earning significant daily staking rewards. Other firms like BIT Mining and DeFi Development Corp. have also entered the race by acquiring SOL and launching validators.

Crypto Market AI's Take

The increasing trend of public companies diversifying their treasuries into assets like Solana highlights a maturing crypto market. This shift signifies a move beyond simply holding digital assets to actively leveraging them for yield generation through staking and participation in network validation. At AI Crypto Market, we understand this evolution, offering advanced AI-powered crypto trading tools that analyze market trends and identify potential yield opportunities. Our platform is designed to empower both institutional and individual investors by providing intelligent insights and automated strategies for navigating the dynamic digital asset landscape.

More to Read:

• Why Public Companies Are Loading Up on Solana
• Institutional Investment in Solana Reaches Record Levels
• Understanding Solana Staking Rewards
• Diversifying Your Crypto Portfolio with Staking