“July was a breakthrough month for us,” stated Upexi CEO Allan Marshall. The company is staking the majority of its SOL reserve, earning about $65,000 per day from an 8% yield—an impressive income stream that’s drawing further institutional attention.
The DeFi Development Corp. also revealed an additional purchase of 110,466 SOL, pushing its total reserves above 1.2 million SOL. Meanwhile, BIT Mining—previously focused on Bitcoin—announced the acquisition of 27,191 SOL for $4.5 million this week, marking its official entry into the Solana treasury race and a strategic shift into staking income as a network validator.
Upexi now leads the pack in corporate SOL holdings, followed by DeFi Development and SOL Strategies. Collectively, these three firms control nearly 3.5 million SOL—worth over $590 million and representing roughly 0.65% of Solana’s circulating supply.
Despite these aggressive treasury builds, the market reaction has been muted. As of writing, Solana is trading at $163, down about 3% in the last 24 hours. The latest accumulation wave has yet to trigger a bullish impulse, but the growing presence of corporate treasuries signals mounting confidence in Solana as a yield-generating, institution-friendly blockchain asset.