Public companies are no longer limiting their crypto treasuries to Bitcoin and Ethereum. A growing number are now stacking Solana (SOL) as a core balance-sheet asset, with top firms holding nearly a couple billion dollars worth of SOL combined.
1. Forward Industries — 6.9M SOL
The largest public Solana holder, Forward Industries amassed nearly 7 million $SOL after raising $1.65B via a PIPE backed by Galaxy Digital, Jump Crypto, and Multicoin Capital. All SOL is staked, generating ~$4.6M in Q4 revenue so far, with plans to raise another $4B for future purchases.
2. Solana Company — 2.2M SOL
Formerly Helius Technologies, the firm rebranded after raising $500M and building a 2.2M $SOL treasury, now worth about $275M. It has already begun earning staking revenue.
3. DeFi Development Corp. — 2.2M SOL
After pivoting from real estate software, the company accumulated nearly 2.2M SOL, acquired a Solana validator, and secured a $5B equity credit line to fund further SOL buys.
4. Upexi — 2.1M SOL
Upexi raised $300M to build a 2.1M SOL position and added Arthur Hayes as an advisor, reinforcing its long-term Solana strategy despite stock volatility.
5. Sharps Technology — ~2.0M SOL
Sharps raised $400M and quickly acquired over 2M $SOL , now positioning itself as a “Solana accelerator company.”
Bottom line: Solana is rapidly emerging as a corporate treasury asset, with public firms actively staking, validating, and building directly inside the ecosystem.
