Solana based in Corporate Treasury has passed $ 4 billion as companies continue to accumulate cryptocurrency, according to new data.
Data from Reserve Tracker, Strategic Solana Reserve, shown On Tuesday that Solana Treasury hit 17.11 million tokens, worth $ 4.03 billion in current prices. The reserve account for almost 3% of Solana’s (Sol) Moving -Transfer supply of more than 600 million tokens.
The largest participants are the forwards industries, which holds more than 6.8 million soles, worth $ 1.61 billion. Other companies such as Sharps Technology, Defi Development Corp. and UPEXI each holds about 2 million sol, with individual allocation of over $ 400 million.
Institutions continue to accumulate sol
Pass the industries The formation was revealed Its Solana Reserve on Monday, which says native crypto companies such as Galaxy Digital, Multicoin Capital and Jump Crypto will fund efforts to develop the reserve.
The announcement is Following a SOL purchasewith Galaxy scooping up $ 306 million in Solana tokens a day.
In addition to the forwards industries, the Medical technologies of Helius Launched a $ 500-million Solana Treasury Reserve on Monday. Its efforts are led by the Crypto Venture Capital and Hedge Fund Pantera Capital, as well as the Tag -Right Fund manager.
In an interview on Monday by CNBC, Pantera capital CEO Dan Morehead Called Solana is the “fastest, cheapest, most performing” blockchain network. At the same time, he also announced that their company had a $ 1.1 billion position in the Solana token.
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Bitcoin and Ether reserves
While Solana reserves are starting to get traction, it has a long way to go before catching crypto reserves based on bitcoin (Btc) and ether (Eth).
The website data of bitcointreasuries.net website Shut up with 3.71 million BTC in Treasury. At the time of writing, the value costs about $ 428 billion and almost 17% of the entire Bitcoin supply of 21 million.
Meanwhile, ether -based reserves are significantly larger. Data from Strategic Eth Reserve Site Shut up Corporate entities hold nearly 5 million ETHs, worth more than $ 22 billion.
Data also showed that the ETH held at ETFS was about 6.77 million, worth more than $ 30 billion.
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