The post Corporate Treasuries Add 17.1 Million Solana to Balance Sheets appeared first on Coinpedia Fintech News
The crypto market is moving cautiously today, with most major tokens trading in a consolidation phase. Bitcoin (BTC) is hovering near $115,729, steady after its recent gains. Ethereum (ETH) is trading at $4,513, despite gains, it is reflecting some hesitation among investors. Meanwhile, Solana Price is showing resilience around $234, holding firm despite overall market uncertainty. Other top tokens like XRP and Cardano (ADA) are mixed, mirroring a wait-and-see mood ahead of key U.S. economic updates.
While Bitcoin continues to dominate headlines, Solana is quietly stealing the spotlight. The token’s assets under management (AUM) have surged to a record $4.1 billion, driven by growing inflows into Solana-linked ETFs and ETPs. Just last week, these funds posted $145 million in daily inflows, the highest on record, marking 14 straight weeks of growth.
This momentum reflects Solana’s rising reputation among institutions. With its high speed, scalability, and growing DeFi ecosystem, SOL is emerging as a serious competitor to Ethereum.
Corporate treasuries are also betting big. At least 17 companies now hold 17.1 million SOL, worth more than $4 billion. Forward Industries is leading with 6.82 million SOL bought at an average of $232 per token, nearly $1.6 billion in value. Other major holders include Sharps Technology, Defi Dev Corp, Upexi Inc., and Galaxy Digital.
Galaxy CEO Mike Novogratz has praised Solana’s unmatched speed, suggesting it could power the next generation of global markets. Backing this belief, Forward Industries has pledged to stake a portion of its holdings and use Solana-native venues to earn yield while keeping trades on-chain. With over 6 billion daily transactions, Solana already processes activity far beyond traditional global markets, strengthening its case as a settlement layer for large-scale finance.
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He further added that 2025 has been Solana’s breakout year, as it consistently leads in transaction volume, app-driven revenue, and near-zero fees, making it the go-to network for both developers and institutions.
Investor sentiment toward Solana is bullish but measured. Crypto investor Ted Pillows projects a potential rally toward $1,000 in this cycle, citing strong institutional inflows and on-chain activity. On the other hand, On-chain analyst Ali Martinez points to nearer-term targets of around $360, reflecting optimism tempered by market realities.
For now, traders are eyeing Solana’s $240–$250 resistance zone. A breakout could trigger fresh momentum, while holding support near $220–$230 will be key to avoiding short-term pullbacks.
With institutional adoption climbing and treasuries locking up supply, Solana is quickly becoming the top altcoin choice for big firms. If this momentum holds, it may be setting the stage for the next big rally in crypto.
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