Public Companies with Significant Solana (SOL) Holdings Revealed

Several publicly traded companies have emerged as major holders of Solana (SOL), a leading cryptocurrency known for its fast transaction speeds and low costs. According to CoinGecko, Upexi, Inc. is currently the largest holder with an impressive 1.9 million SOL tokens, acquired at an average cost of $168.63 per token. Their total investment, valued at $319.5 million, has seen a slight decline of $0.9 million.

Major Solana Holders

The second-largest holder is DeFi Development Corp, which owns 1,182,685 SOL tokens. These were acquired at an average price of $137.07, bringing their total holdings to $198.9 million, reflecting an unrealized gain of approximately $36.8 million. SOL Strategies, a Toronto-based firm, follows with 392,667 SOL tokens, purchased at an average price of $158.12, currently valued at $66.0 million, with an unrealized gain of $3.9 million.

Torrent Capital, although holding a smaller position of 40,039 SOL, acquired at an average price of $161.84, has seen its holdings increase in value to $6.7 million, marking a gain of about $0.2 million.

Collective Impact and Market Positioning

Combined, these four companies control over 3.5 million SOL tokens, valued at more than $591.1 million. This represents nearly 0.65% of the circulating supply and approximately 0.58% of the total supply of Solana. This concentration of ownership among public companies indicates a growing trend of institutional interest in Solana.

Investment Strategies and Market Movements

Upexi’s aggressive acquisition strategy began in late April 2025, rapidly accumulating its Solana holdings to become the largest treasury holder within four months. The firm stakes all its SOL tokens, earning an 8% yield as of June 2025. DeFi Development Corp continues to increase its holdings, with its recent acquisition in July 2025 adding 181,303 SOL at an average cost of $155.33 per token.

SOL Strategies adopted a methodical approach, accumulating SOL through a series of purchases and staking rewards from mid-2024 to mid-2025. Torrent Capital made early moves into Solana in January 2025, and its strategic timing has paid off.

Performance and Future Prospects

As of August 2025, Upexi’s holdings are slightly down by $0.9 million, while DeFi Dev Corp enjoys a substantial unrealized gain of $36.8 million. SOL Strategies and Torrent Capital also report positive returns on their investments. The strategic timing and sustained acquisition of Solana by these companies suggest confidence in the cryptocurrency’s long-term potential.

For more detailed insights, visit the original source at CoinGecko.

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