Public companies are raising Solana to get a cut of blockchain rewards, with three companies recently sharing that they bought more to the token.
Bitcoin mining firm bit mining Says On Tuesday it made its first -first Solana (Sol) buy, buy 27,191 sol for $ 4.5 million, and launching a validator to earn yield by staking tokens.
On Tuesday, UPEXI, a brand -owned man who specializes in supply chain management, Says It spent most of July buying Solana and its holdings raised from 735,692 tokens by the end of June to more than 2 million Sol today.
On Monday, Defi Development Corp. Says It increased its crypto holdings to more than 1.2 million soles, which bought another 110,466 tokens.
Co ringecko Says On Tuesday when recent Buys highlighted “a growing course of Solana exposure to public companies,” along with the top four companies holding Solana that control over 3.5 million tokens worth more than $ 591.1 million, representing nearly 0.65% of the migratory.
Long -term staking plans
Defi Development said after its latest purchase of its SOL HOLDINGS will be stacked with various validators.
The company, previously called Janover, is primarily a company in real estate financing It used an artificial platform that the online platform powered to connect lenders and commercial ownership consumers.
The firm made The first purchase of SOL 2,858 tokens on April 8 After the former executives get From the crypto exchange kraken.
UPEXI CEO Allan Marshall said July is “a month -long -changing game” for the company after raising more than $ 200 million for additional SOL purchases and increasing its holdings to more than 2 million tokens.
The firm was also stuck in most SOL, which Marshall said he gained 8% harvest and pocketed $ 65,000 a day in revenue.
Bit Mining To Extend to Solana’s ecosystem
Bit Mining Chairman and Chief Operating Officer Bo Yu said the company’s first self-operated validator marked the beginning of a broader effort to generate a presence as a whole Solana ecosystem.
“It shows our belief in Solana’s potential and our commitment to developing significant infrastructure that supports growth, security, and decentralization,” Yu added.
The bit mining on July 10 announced that it was making a strategic move to Solana’s ecosystem, with plans To raise up to $ 300 million to produce a Solana token Treasury.
Staking yield main catalyst for purchases
In a June 18 report, the Crypto company BitGo haka -haka That a growing number of companies adds Solana to their wealth specifically for Staking rewards and to stand after a The flood of other companies was adopted Bitcoin (Btc).
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“Integration of Bitcoin in corporate balance sheets challenged the traditional thinking of Treasury, which signed the transfer of digital assets to a legitimate type of institutional possession,” Bitgo said.
“The companies that adopt Solana are gaining exposure to the rewards that make up digital assets, align with strategic with the emerging blockchain infrastructure, and diversify themselves in the market.”
UPEXI is currently chairing the Solana Treasury race, according to Coingecko, with a second Defi Development, and Sol’s strategiesA Canadian public company dedicated to Solana’s infrastructure, which spins the top three.
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