Four publicly traded companies \u2013 Upexi, Inc., DeFi Developments Corp (DeFi Dev.), SOL Strategies, and Torrent Capital \u2013 are now among the largest institutional holders of Solana (SOL).<\/p>\n
These entities collectively control more than 3.5 million SOL tokens worth over $591.1 million.<\/p>\n
According to CoinGecko\u2019s recent analysis, the combined stake of the four companies represents<\/a> nearly 0.65% of Solana\u2019s circulating supply and about 0.58% of the total supply.<\/p>\n Leading the pack is Upexi, Inc., which has rapidly built the largest publicly disclosed Solana treasury. It has amassed 1.9 million SOL in just four months. The company began its aggressive accumulation in late April 2025 and has paid an average of $168.63 per token for a total investment of $320.4 million.<\/p>\n In second place, DeFi Dev. holds 1,182,685 SOL at an average cost of $137.07. This makes its $198.9 million stake the most profitable among its peers with an estimated $36.8 million in unrealized gains.<\/p>\n The firm has continued to expand its position, and most recently added 181,303 SOL on July 29 for $28.2 million at $155.33 per token. It has given no indication of reducing its holdings.<\/p>\n Meanwhile, Toronto-based SOL Strategies follows with 392,667 SOL acquired through a steady dollar-cost averaging approach between June 2024 and July 2025, at an average purchase price of $166.86.<\/p>\n This methodical accumulation, supplemented by staking rewards, has brought its current valuation to $66.0 million, and a $3.9 million in unrealized gains. Torrent Capital rounds out the list with 40,039 SOL purchased in early 2025 across five transactions at an average of $161.84. Despite being the smallest holder, CoinGecko said that iTorrent\u2019s early entry ahead of Solana\u2019s major rally has yielded a $0.2 million gain, with its stake now valued over $6.7 million.<\/p>\n Solana (SOL) has climbed over 14% in the past month and is now trading above $180 amidst a broader market surge<\/a>.\u00a0 Pseudonymous crypto trader XO described<\/a> the rally as a \u201cstrong move up off the recent lows,\u201d though noting that the crypto asset lacked the \u201crounded retest type structure\u201d typically preferred for building a firm base.<\/p>\n XO added that the current zone remains a critical threshold for SOL\u2019s short-term price trajectory.<\/p>\n The post Meet the Public Companies Sitting on $591 Million Worth of Solana<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Four publicly traded companies \u2013 Upexi, Inc., DeFi Developments Corp (DeFi Dev.), SOL Strategies, and Torrent Capital \u2013 are now among the largest institutional holders of Solana (SOL). These entities collectively control more than 3.5 million SOL tokens worth over $591.1 million. Institutional Solana Holdings According to CoinGecko\u2019s recent analysis, the combined stake of the […]<\/p>\n","protected":false},"author":0,"featured_media":87252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87251"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87251"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/87252"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}SOL Trades Near Key Level of Resistance<\/h2>\n