Solana corporate treasuries hit $4B as companies scoop up 3% of supply

Strategic Solana Reserve data shows that Solana treasuries have hit 17.11 million SOL tokens, worth over $4 billion at current prices.

Solana-based corporate treasuries have surged past $4 billion as companies continue to accumulate the cryptocurrency, according to new data.

Data from the reserve tracker, Strategic Solana Reserve, showed on Tuesday that Solana treasuries hit 17.11 million tokens, worth $4.03 billion at current prices. The reserves account for nearly 3% of Solana’s (SOL) circulating supply of more than 600 million tokens.

The largest participant is Forward Industries, which holds more than 6.8 million SOL, worth $1.61 billion. Other firms such as Sharps Technology, DeFi Development Corp. and Upexi each hold roughly 2 million SOL, with individual allocations exceeding $400 million.

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