Solana Treasury Firms Boost Holdings to 6.5M SOL as Upexi Posts 126% Surge

Solana treasury firms are rapidly expanding their holdings, with total reserves climbing to 6.49 million SOL, as institutional interest in the network shows no signs of ￰2￱ latest disclosures from BIT Mining Limited and Upexi ￰3￱ the growing momentum behind corporate Solana treasuries, reflecting both long-term conviction and short-term gains from the token’s price ￰4￱ Bets on Solana Grow as Treasury Gains and Staking Income Accelerate BIT Mining Limited, a cryptocurrency infrastructure company preparing to rebrand as SOLAI Limited, announced the purchase of an additional 17,221 SOL this ￰5￱ IN: Solana treasury company @BITMining_BTCM (NYSE: BTCM) has added 17,221 $SOL to its holdings, bringing its treasury to over 44,000 $SOL worth about $9.95M.

pic. twitter. com/6xCe2C101y — SolanaFloor (@SolanaFloor) September 11, 2025 The acquisition brings its treasury to more than 44,000 SOL, valued at approximately $9.95 million as of September 10, ￰6￱ and COO Bo Yu said the company sees continued value in strengthening its presence within the Solana ecosystem, adding that validator operations will remain central to its strategy of securing the network and capturing staking ￰7￱ BIT Mining is still in the early stages of building its Solana portfolio, Upexi ￰8￱ already emerged as one of the largest corporate ￰9￱ supply chain and consumer products company shifted in April to focus on a Solana treasury strategy and now reports holdings of 2,018,419 SOL valued at $447 ￰10￱ figure reflects an unrealized gain of $142 million, with most of the company’s tokens staked to generate an annual yield of around 8%.

Daily staking rewards currently stand at roughly $105,000. Upexi’s treasury strategy has also delivered gains on a per-share ￰11￱ firm introduced an “adjusted SOL per share” metric to reflect the effect of capital issuance, staking income, and discounted locked SOL purchases. 1/ The Evolution of DATs: @UpexiTreasury was an early mover in the SOL and altcoin treasury movement, and we continue to lead on new, creative, and intelligent capital ￰12￱ see many investors and funds who dismissed DATs now launching their own! — Allan Marshall (@UpexiAllan) September 11, 2025 As of September 10, adjusted SOL per share stood at 0.0197, or $4.37 in dollar terms, up 56% and 126%, respectively, since launching the ￰13￱ Executive Allan Marshall described recent weeks as “extremely strong,” citing both treasury performance and higher visibility through participation in finance ￰14￱ company has also established an advisory committee to strengthen its positioning, with former BitMEX CEO Arthur Hayes joining as its first ￰15￱ Strategy Officer Brian Rudick emphasized Upexi’s execution, pointing to three capital issuances that were “materially in the money” and continued growth in SOL per share as evidence of treasury management ￰16￱ Mining, on the other hand, shifted to Solana earlier this year when it unveiled plans to raise up to $300 million to build an SOL treasury and transition away from its legacy focus on Bitcoin, Litecoin, Dogecoin, and Ethereum Classic ￰17￱ the strategy, all existing crypto holdings are being converted into SOL, with funds to be raised in phases depending on market ￰18￱ Mining has also lau nched DOLAI , a U.

S. dollar-denominated stablecoin deployed on Solana in partnership with Brale ￰19￱ DOLAI – a USD-backed stablecoin launched with BIT Mining (NYSE: BTCM), issued on Solana via Brale’s regulated ￰20￱ for Agentic ￰21￱ — brale (@brale_xyz) August 26, 2025 The stablecoin is designed to connect AI agents, merchants, consumers, and institutional finance, while eventually expanding to multi-chain use ￰22￱ Mining, currently the 17th largest public Bitcoin miner by market cap, now sees its future anchored in Solana staking, treasury growth, and blockchain-enabled ￰23￱ surge in treasury activity comes as SOL itself continues its steady ￰24￱ token is trading around $226, up 1.2% on the day and edging closer to its all-time high of $293 set in ￰25￱ Treasuries Pour Billions Into Solana as New Vehicles Launch Institutional interest in Solana is intensifying as major firms prepare multi-billion-dollar treasury strategies on the ￰26￱ example, on August 25, Galaxy Digital, Jump Crypto, and Multicoin Capital entered advanced talks to raise about $1 billion for a new Solana-focused treasury vehicle , with Cantor Fitzgerald advising on the ￰27￱ plan involves acquiring a publicly traded entity to form one of the largest corporate reserves dedicated to Solana, surpassing the size of all existing treasuries. @defidevcorp has added another 196,141 Solana to its treasury, spending nearly $39.76 million. #Solana #SOL ￰0￱ — ￰28￱ (@cryptonews) September 5, 2025 Meanwhile, DeFi Development Corp added 196,141 SOL to its balance sheet on September 5 , spending $39.76 million at an average price of $202.76 per ￰29￱ purchase lifted its total holdings above 2 million SOL, valued at $412 million, with the firm confirming plans to stake its full position for ￰30￱ September 8, Forward Industries announced a $1.65 billion private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital, with existing shareholder C/M Capital Partners ￰31￱ raise, one of the largest Solana-specific financings to date, closed on September ￰32￱ company said proceeds would fund a new cryptocurrency treasury program focused on SOL purchases, along with working capital and future ￰33￱ Strategies launches on Nasdaq as STKE with $94M Solana treasury – is this the $SOL breakout catalyst? #Solana #SOL ￰1￱ — ￰34￱ (@cryptonews) September 10, 2025 Adding to the momentum, Canada-based SOL Strategies began trading on Nasdaq under the ticker STKE on September 10 with $94 million in Solana treasury holdings, becoming the first U.

S.-listed Solana-focused public ￰35￱ a share consolidation to meet exchange requirements, the firm now manages 3.62 million SOL under delegation, including 402,623 from its treasury, and reports record staking participation from nearly 9,000 ￰36￱ to CoinGecko’s Solana treasury reserve data, seven entities now hold 1.20% of Solana, valued at $1.4 billion.) has climbed above $220 for the first time since February , hitting a seven-month high as capital flows and technical signs point to renewed ￰37￱ rally comes despite a slowdown in new user onboarding, with address creation at a five-month ￰38￱ suggest the surge is being driven by existing holders and institutional accumulation rather than fresh retail inflows.

Large-scale purchases have added to the bullish ￰39￱ show Galaxy Digital bought 430,000 SOL worth $97 million from Binance within an hour, bringing its 12-hour total to 1.35 million SOL valued at $302 ￰40￱ IN: @galaxyhq 's aggressive Solana accumulation continues as the firm bought 430,000 $SOL worth $97M from @binance in the last ￰41￱ the past 12 hours, Galaxy has accumulated 1.35M $SOL worth $302M. pic. twitter. com/gOGqJ4Kms6 — SolanaFloor (@SolanaFloor) September 11, 2025 Arkham Intelligence also identified four new wallets receiving 222,644 SOL , worth $48.2 million, from Coinbase Prime in what appears to be coordinated ￰42￱ the DeFi side, Solana reached a new milestone with total value locked (TVL) surpassing $12.2 billion on September 11, edging past its previous record of $12 billion in ￰43￱ has grown 15% in the past month and more than doubled from $4.8 billion at the start of ￰44￱ now leads Ethereum’s Layer-2 networks combined, though Ethereum continues to dominate DeFi with nearly $97 billion ￰45￱ a technical standpoint, Solana flashes bullish indicators after breaking out of a symmetrical triangle pattern at around $212, suggesting a potential upside of $240.