Institutions Hold $1.72 Billion In Solana, Strategic Reserve Data Reveals
The Strategic SOL Reserve has released data showing that 13 entities, including public companies and corporate treasuries, collectively hold 8.277 million Solana (CRYPTO: SOL), equivalent to $1.72 billion at a current price of $208.15 per SOL.
This represents 1.44% of Solana’s total supply, highlighting significant institutional interest in the cryptocurrency.
Among these holdings, 585,059 SOL, valued at $104.1 million, have been staked, yielding an average return of 6.86%.
The reserve’s dashboard details the breakdown of these holdings, with top entities including Sharps Technology Inc. (NASDAQ:STSS), holding 3.4 million SOL, and Upexi Inc. (NASDAQ:UPXI), with 2 million SOL.
Other notable participants include DeFi Development Corp (NASDAQ:DFDV) with 1.42 million SOL and Mercurity Fintech Holding (NASDAQ:MFH) with 1.083 million SOL.
These figures reflect a combined staking reserve that has …
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