Solana Treasuries Are Growing, But Price Drops Take a Toll
Solana’s corporate treasury market is growing rapidly but is still small compared to Bitcoin and Ethereum. Upexi, a leading firm, aggressively expanded its holdings, only to face a significant loss due to a price drop. Despite the risks, these early investors could position themselves well if Solana rebounds.
CoinGecko released a report on Solana treasury firms, yielding several important insights. The sector is much less crowded than corporate Bitcoin and Ethereum investors, but interest is rapidly growing.
However, Solana’s price has been more volatile. In July, its largest corporate holder lost $.09 million on this investment. So far, a handful of companies have exhibited a race to outdo each other, establishing a firm head start.
Corporate Solana Treasuries
In the race for corporate crypto acquisition, Bitcoin is the most popular asset, but other tokens are becoming more prominent. Earlier this week, two new standouts became clear: Ethereum and Solana are the most popular altcoins for private treasury firms.
According to a report from CoinGecko, the rate of corporate SOL acquisition is increasing dramatically.

As this data shows, newcomers have repeatedly disrupted this market sector. SOL Strategies is by far the oldest player in this space, making substantial investments before this tactic was on anyone’s radar.
By April 2025, however, DeFi Development rebranded to become a Solana treasury firm, immediately surpassing the other company’s consumption.
Taking the moniker of ‘Solana’s MicroStrategy’, DeFi Development’s purchases have been accelerating.
Meanwhile, Upexi started small with its own Solana treasury, but supercharged its spending in July. The firm currently holds 1.9 million SOL, towering above DeFi Development’s 1.1 million.
Solana’s Volatility Remains a Challenge
Clearly, the Solana treasury market is defined by fierce competition, but it remains quite small. There are only four serious stockpilers, and Torrent Capital holds only 40,000 SOL.
This begs a simple question: are these Solana buys a good investment? Prices have fallen considerably since late July, and it’s unclear when a rebound might happen.

So far, Upexi’s aggressive expansions have come at a cost. By stockpiling so much Solana directly before a downturn, the firm actually lost around $0.9 million.
The other companies performed better, but nothing like MicroStrategy’s wild returns. BTC treasury investors frequently expect a stellar performance, but Solana isn’t there yet.
These metrics have provided some valuable information about Solana as a potential treasury asset. Ethereum has returned a better performance, but there’s no shortage of corporate investors.
Meanwhile, these SOL maximalists have a commanding head start in a tiny market. If Solana jumps back up soon, these firms could become trendsetters.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After the Curve team’s new venture, will Yield Basis become the next phenomenal DeFi application?
This article analyzes the DeFi hit product YieldBasis, which aims to redefine liquidity providers' profit models by converting volatility into yield in Curve pools, while completely eliminating impermanent loss. The project was founded by the core Curve team and demonstrated strong momentum from its inception.

Grayscale and TAOX take action on two fronts, Bittensor ushers in its institutional moment
This article analyzes how the Bittensor ($TAO) token is accelerating towards compliance and institutionalization, driven by the dual positive factors of Grayscale submitting the Form 10 registration statement and the US-listed company TAO Synergies Inc. ($TAOX) completing a private placement. It is also regarded as a core asset connecting traditional finance with decentralized AI networks.


Morgan Stanley opens crypto investments to a broader client base

Trending news
MoreCrypto prices
More








