The trend of companies adopting cryptocurrency as financial assets is growing, with several protagonists, such as Solana (SOL) talking and showing what they’ll talk about.
To date, more than 3.5 million suns are now in the hands of companies cited on the stock market. These companies maintain it as part of the Treasury Department’s reserves.
Upexi, Defi Developments Corp, Sol Strategies and Torrent Capital concentrate most of this volume. generally, They control positions worth more than $591.1 millionwhich represents 0.65% of the supply of circulating solar. This is Solana, with 539.9 million people.
The following graph shows how Solana accumulation grew between June 24th and July 24th of this year.
Upexi, Inc. leads the list. Over the four-month period, he accumulated 1.9 million suns at an average price of $168.63. The initial investment worth $320 million is currently $319.5 million, an unrealized loss of $0.9 million. According to data from CoingCKO, the entire position was staking, producing an 8% yield at the end of the second quarter of 2025.
Defi Developments Corp is the second company with the best exhibits. Its Treasury Department includes 1.18 million suns acquired in several stages, including the recent purchase of 181,303 coins on July 29th. The average acquisition cost was $137.07. As of August 6th, the position was worth $189 million, an unrealized profit of around 36.8 million.
Sol Strategies follows a progressive accumulation strategy. Between June 2024 and July 2025, we won 392,667 suns with regular purchases and rewards. Its average cost is $158.12, with a current valuation of $66 million. The unrealized profit will be 3.9 million. Upexi and defi dev. Unlike, they chose to buy a large scale, Sol Strategies maintained its regular ticket policy.
Due to its much lower position, Trent Capital completed five acquisitions between January and April 2025, adding 40,039 coins. The average price was $161.84. The position is valued at 6.7 million, representing a moderate profit of 0.2 million. The exhibit is lower, but the company bought it before the Sun rebound, allowing for a positive performance.
Some of these companies fund acquisitions through the issuance of corporate debt. It presents an aggressive investment strategy with long-term forecasts. With regard to the supply of maintenance, although participation in the system is still small, the movements of these companies are showing a growing trend.
Impact on actions
The actions of companies participating in SOL had a variety of performance.
For example, Defi Developments Corp benefits most from its financial strategy with SoL. So far since 2025, it has accumulated 1,400% yield.
Meanwhile, Upexi also saw the benefits of betting on Sol, with its first action since January increasing by 44.5%.
In the case of other companies, their performance was less notable despite investing in SOL and exposing themselves. For example, Sol Strategies has reported a 57.6% decline since January. The same applies to capital torrenting, Since the start of that year, the stock has withdrawn 8.33%.
The following graphs give a better evaluation of the movements of these triggers.
Michael Saylor example version
This type of corporate exposure remembers the micro-strategy case (current strategy), a company led by Michael Saylor. Michael Saylor maintains over 600,000 BTC in the Treasury and is the largest institution fork in Bitcoin. Unlike the world’s largest digital assets focused strategy, These companies bet on cryptocurrency along with the sun as their main alternative.
According to Prathik Desai, a financial analyst and digital asset strategist, the current rise of the Corporate Treasury Ministry through cryptocurrency is now entering the “natural selection” stage, as reported by Cryptootics. In this scenario, only assets with solid foundations and verifiable economic utility may exist on the institutional balance sheet.
However, it is important to remember that most cryptocurrencies have historically been depreciated in front of BTC. The question these entities are currently facing is whether it makes sense to diversify beyond the digital gold that SO has called.
Generally, diversification into Solana raises a commitment to technical utility. The Solana network is known for its processing speed and low commission. Neverthelessits history includes questions about network disruptions and levels of decentralization.
“The important conclusion is to read what institutional interest really means,” explains Desai. “It’s not always quality support. Sometimes it’s just a fluidity experiment,” he adds.
The current environment appears to be testing and errors. Cryptocurrencies with fewer utilities may disappear after the next market modification. Time and financial statements are determined If these bets are strategic decisions or passing trends.
For now, it is clear that the impact of this trend is limited in terms of quantity. However, its evolution could redefine the financial management of public companies, particularly when cryptoactive investments begin to correlate with key profitability metrics or access to new markets. In that case, the cryptographic active reserve is They stop financial curiosity to become a structural part of balance.
