Revealed! 16 Corporations Stash Over 10 Million SOL in Their Treasuries

Solana Price Surges to $243 With 20% Weekly Gain as Institutions Double Down

Solana, one of the largest blockchain networks in the cryptocurrency market, has entered another bullish phase. The token surged to nearly $243 today, marking a 20 percent gain over the past week, as institutional interest and corporate treasury holdings continue to pour fresh energy into the ecosystem.

Industry analysts point to a combination of large-scale purchases, new corporate disclosures, and technical upgrades as the key factors behind Solana’s impressive rise. While investors have grown accustomed to volatility in the crypto sector, Solana’s recent performance highlights how strategic developments and institutional activity can quickly shape momentum.

Source : Strategicsolreserve

Galaxy Digital Makes Bold Move With $486 Million Solana Purchase

In what many market watchers are calling a landmark development, blockchain intelligence platform Lookonchain revealed that Galaxy Digital — the investment management firm led by billionaire Mike Novogratz — acquired nearly 5 million Solana tokens in just three days.

Approximately 4.7 million of those coins were transferred to Coinbase Prime custody, signaling that the purchases are intended for long-term institutional management rather than quick trading. The remaining balance stayed within Galaxy’s own wallet.

Source : Lookonchain

The move, worth close to $486 million at current prices, immediately boosted market sentiment. Traders interpreted the purchase as a strong institutional signal that Solana remains one of the most promising blockchain ecosystems outside of Ethereum.

“Galaxy’s aggressive accumulation demonstrates conviction in Solana’s role as a next-generation blockchain,” said Maya Tran, a digital assets strategist at a New York-based trading desk. “It reinforces confidence across both retail and institutional circles.”

Corporate Treasuries Quietly Accumulate Over $2.5 Billion in Solana

Beyond Galaxy’s headline-making buy, on-chain research has uncovered another bullish trend: corporate treasuries have been quietly amassing significant amounts of Solana.

According to a recent report, 17 companies collectively hold around 11.739 million SOL, worth approximately $2.5 billion. That represents roughly 2.04 percent of Solana’s total supply.

Among the named firms are Sharps Technology, DeFi Development, and Upexi, each of which reportedly holds more than 2 million SOL in reserve. The reasons behind these holdings vary, but experts say the message is clear: corporate treasuries see Solana as both a store of value and a strategic asset.

“Companies aren’t simply speculating,” said blockchain analyst Victor Alvarez. “They’re using SOL to diversify balance sheets, support business plans in decentralized applications, and signal long-term confidence in blockchain infrastructure.”

Large treasury holdings also help stabilize the market by reducing short-term sell pressure, which in turn creates a healthier trading environment.

The Alpenglow Upgrade: A Technical Boost for Solana

While money flows have captured headlines, Solana’s latest Alpenglow network upgrade has played an equally important role in driving momentum. The upgrade aims to deliver faster finality and greater decentralization, two of the most critical benchmarks for blockchain networks competing for developers and institutional users.

Finality refers to how quickly a transaction is confirmed and becomes irreversible. With Alpenglow, developers say Solana can now settle transactions even faster, making it an attractive option for decentralized applications (dApps) that require high throughput.

“The Alpenglow upgrade strengthens the network’s scalability and efficiency,” explained blockchain engineer Sarah Cheng. “For developers and validators, these improvements reduce costs and risks. For institutions, it makes Solana a safer bet for large-scale adoption.”

Market Sentiment and Price Performance

With institutional buys and technical progress aligning, Solana’s market sentiment has turned overwhelmingly bullish. According to CoinMarketCap data, the token trades near $243, with a market capitalization of approximately $132 billion.

In the past 24 hours alone, Solana has gained about 4 percent, while its weekly performance shows a sharp 20 percent rise. Social sentiment trackers suggest that around 85 percent of the crypto community is currently bullish on Solana’s prospects.

“The alignment of price action, treasury holdings, and technical upgrades is creating a perfect storm,” said crypto market analyst Jason Kim. “This is not just speculative hype — it’s a structural shift in how institutions and businesses view Solana.”

Price Forecast: Can Solana Push Beyond $300?

Market analysts are now debating how far Solana can climb in the near term. The token is currently consolidating in the low-to-mid $200s, but if institutional demand continues, it may attempt to test the $260–$320 range in the coming weeks.

A confirmed breakout above $320 could open the door for a larger rally, possibly revisiting all-time highs. However, experts caution that cryptocurrency markets remain notoriously unpredictable.

Source: CMC

Potential risks include profit-taking by whales, negative news regarding regulatory frameworks, or broader market sell-offs triggered by macroeconomic events. Should those risks materialize, Solana could fall back to its $180–$200 support zone.

“This rally is strong, but like all crypto surges, it must be treated with caution,” warned economist Lisa Wu. “Investors should be mindful of volatility even as fundamentals appear strong.”

What Solana’s Growth Means for the Future

Beyond immediate price action, Solana’s growth story reflects broader themes in the crypto sector. The combination of institutional confidence, corporate treasury adoption, and technical innovation signals that blockchain networks are steadily maturing from speculative assets into real financial infrastructure.

For developers, Solana’s upgrades mean a more reliable platform for building decentralized finance (DeFi) apps, NFTs, and next-generation payment solutions. For investors, corporate treasuries holding billions in SOL provide reassurance that major entities are aligned with the network’s future.

And for institutions like Galaxy Digital, bold purchases underscore the conviction that Solana’s trajectory is far from over.

“Solana has proven resilience after multiple challenges in the past,” said Alvarez. “With Alpenglow in place and billions locked in corporate treasuries, it is positioned as a leading alternative layer-one blockchain for years to come.”

The Bottom Line

Solana’s surge to $243 is more than a weekly price rally. It represents a convergence of financial confidence, technological improvement, and market sentiment. The involvement of corporate treasuries, alongside Galaxy Digital’s massive purchase, has reinforced Solana’s credibility as a blockchain network that is here to stay.

While risks remain — as they always do in crypto — the underlying momentum suggests that Solana’s role in the broader financial ecosystem will only continue to grow.

For now, the market watches closely: can Solana sustain its upward march and break into new highs, or will the volatile nature of cryptocurrencies remind investors of its unpredictability? Whatever the outcome, Solana’s latest rally has already made it one of the most closely followed stories in the digital assets space this year.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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