| Company name | SOL held | Market cap | Country of HQ | Sector/Industry | |
|---|---|---|---|---|---|
| Upexi Inc.(NASDAQ: UPXI) | 2,106,989 SOL | $405.7M | US | Health Technology | |
| DeFi Development Corp. (NASDAQ: DFDV) | 2,027,817 SOL | $345.6M | US | Finance | |
| Sol Strategies Inc. (CSE: HODL) | 435,064 SOL | $160.2M | CA | Finance | |
| Classover Holdings Inc. (NASDAQ: KIDZ) | 57,131 SOL | $24.13M | US | Finance | |
| Torrent Capital Ltd. (TSX-V: TORR) | 40,039 SOL | $20.57M | CA | Non-Energy Minerals | |
| SOL Global Investments Corp. (CSE: SOL) | 40,350 SOL | $11.48M | CA | Commercial Services | |
| Sharps Technology Inc.(NASDAQ: STSS) | ~2,000,000 SOL | $242.39M | US | Healthcare/Medical Instruments | |
| Mercurity Fintech (NASDAQ: MFH) | Undisclosed (US$200M facility) | $467.65M | US | Information Technology Services | |
| iSpecimen Inc. (NASDAQ: ISPC) | Undisclosed (US$200M committed) | $6.13M | US | Healthcare Technology | |
| Artelo Biosciences (NASDAQ: ARTL) | US$250K of SOL (US$9.4M committed) | $6.64M | US | Biotechnology | |
| BIT Mining Limited (NYSE: BTCM) | 44,412 SOL | $41.16M | US | Information Technology Services | |
| Acheter-Louer.Fr (ALALO.PA) | 15,564 SOL | $2.02B | FR | Advertising | |
| MemeStrategy Inc. (HKSE: 2440) | 2,440 SOL | $201.9M | CN | Information Technology | |
| Forward Industries Inc. (NASDAQ: FORD) | 6,822,000 SOL | $3.16B | US | Consumer Durables | |
| QMMM Holdings Ltd (NASDAQ: QMMM) | Not disclosed (Up to $100M committed) | $1.30 B | HK | Advertising/Marketing Services | BUY |
| Helius Medical Technologies, Inc. (NASDAQ: HSDT) | Not disclosed (US$500M raised) | 24.06 M | US | Medical Specialties | |
| Vault Ventures (AQSE: VULT) | 2,201.10 SOL | $3.57 M | UK | Finance | |
| Brera Holdings PLC (NASDAQ: BREA) | Undisclosed (up to US$300M committed) | $40.08 M | IE | Consumer Services | |
| Defi Technologies (NASDAQ: DEFT) | 14,375 SOL | $814.72 M | CA | Finance | |
| Neptune Digital Assets (OTC: NPPTF) | 9,573 SOL | $111.84 M | CA | Commercial Services | |
| NewGenIvf Group Limited | 13,000 SOL | $1.65 M | TH | Health Services |
Solana is best known for its lightning-fast transaction speeds and low fees, and is now finding a new home on the balance sheets of listed companies.
Just like any asset, Solana (SOL) can be held by companies as part of their treasury management.
A Solana treasury strategy involves holding SOL on the balance sheet as an investment or operational reserve. Some companies are doing this to align with blockchain growth, while others use it to power staking or DeFi services.
Whatever the reason, Solana's speed, scalability and growing DePIN (Decentralised Physical Infrastructure) ecosystem make it an attractive play for companies looking to participate in next-gen finance.
Buying shares in companies that hold SOL can be a way to gain exposure to the Solana ecosystem without directly owning crypto.
For retail investors, this can be a more regulated or familiar path. No wallets, no seed phrases, just good old-fashioned shares. And for traders, SOL-linked companies can offer opportunities tied to token price action, corporate developments or broader blockchain momentum.
Companies that hold SOL are also usually deeply involved in the future of DeFi. So buying shares in a Solana treasury companies is pinning your money to the growth of decentralised apps (dApps), especially NFTs and DeFi.
Upexi is an e-commerce company based in the US that specialises in the manufacturing and distribution of consumer products.
More recently it has pivoted towards crypto, launching one of the world's biggest corporate Solana treasury reserves, holding 2 million SOL as of August 2025.
Upexi has accumulated a massive Solana treasury to diversify its digital assets portfolio and gain exposure to one of the fastest-growing smart contract platforms.
The company says it's Solana treasury strategy follows proven success models from companies like MicroStrategy while also capitalising on the growth of Solana.
It's also a marketing play for the company. Upexi has said it will promote visibility of the treasury through social posts, webinars and podcasts.
DeFi Development Corp is a US-based AI-powered online platform providing data and software subscriptions in the commercial real-estate sector.
More recently it has become focused on building up a treasury reserve of Solana tokens. It is developing a DeFi platform that will run on Solana.
DFDV sees its treasury strategy as benefiting shareholders by providing exposure to SOL while also growing capital as the token gains momentum.
The company also views Solana as a core infrastructure layer for its upcoming DeFi platform. Its large SOL holding is meant to provide liquidity, staking rewards, and strategic exposure to Solana's network as it builds out decentralised products.
Sol Strategies is a Canadian blockchain investment firm that invests in and provides infrastructure for the Solana blockchain and next gen decentralised apps.
It is also one of the biggest corporate Solana treasury companies as of 2025.
Sol Strategies is a pure-play blockchain investment company, and SOL is one of its key holdings. The firm sees Solana as an undervalued asset with high throughput and strong developer traction, and uses it in its trading and staking strategies.
Classover is an edtech company that originally focused on online learning platforms. It has since pivoted toward blockchain education and decentralised learning technologies.
In July 2025 it announced it had increased its SOL holdings by 295% to 52,067.
Classover recently pivoted into the blockchain space and acquired SOL to support new decentralised education technology products. Its growing treasury reflects a commitment to developing Solana-based learning tools.
Torrent Capital is a Canadian investment firm that targets early-stage companies in technology and blockchain. It operates as a hybrid between a venture capital and asset management firm.
Torrent is a blockchain investment holding firm, and SOL is part of its diversified crypto portfolio. The company stakes its Solana to earn passive yield while supporting network security.
SOL Global is a diversified investment firm with interests in cannabis, technology, and digital assets. It has pivoted toward crypto and Web3 ventures in recent years.
SOL Global has moved aggressively into digital assets, naming Solana as a strategic pillar. Its holdings reflect bullishness on Solana's long-term role in tokenised assets and decentralised infrastructure.
While most of the Solana treasury activity we can verify is from public companies, private firms are also increasingly holding SOL. These include Web3 startups, crypto hedge funds, and blockchain infrastructure players. However, unlike listed companies, they're not required to disclose their holdings, so it's harder to track.
That said, it's likely many of Solana's biggest ecosystem partners are holding SOL in some capacity, whether for staking, liquidity provision or treasury diversification.
While there are no known ASX-listed companies directly holding SOL, investors in Australia can gain exposure through crypto ETFs or platforms offering global stock access:
After a rocky 2022–2023, Solana has staged one of the most remarkable comebacks in crypto.
With its fast transaction speeds and rising adoption in the decentralised app (dApp) space, some analysts are predicting Solana will hit over US$800 in the next few years.
Solana's momentum hasn’t gone unnoticed by the public markets.
Several listed companies, including Upexi (NASDAQ: UPXI), DeFi Development Corp (NASDAQ: DFDV), and Sol Strategies (CSE: HODL) have now bet almost their entire balance sheet strategies on accumulating SOL.
They believe Solana’s low fees and scalability make it a foundational layer for next-gen DeFi, NFTs, and consumer apps.
How do you invest in Solana treasury companies?
You can invest in Solana-holding companies the same way you'd invest in any other public stock, but there are a few things to keep in mind.
Some of these companies trade on major exchanges like the NASDAQ or CSE, but many are over-the-counter (OTC) stocks. This means you'll need a broker that supports OTC trading, which not all Australian platforms do.
These are also mostly small or micro-cap companies, which can make them more volatile, thinly traded, and subject to looser reporting standards. That's not necessarily a dealbreaker, but it does mean you'll need to do more homework and be comfortable with the risks.
ETFs: Certain crypto equity ETFs, like the BetaShares CRYP, offer indirect exposure to SOL or companies in the crypto space.
International brokers: Platforms like Stake or Superhero offer access to US-listed Solana treasury stocks such as Upexi or DeFi Development Corp.
Always double-check the company's financials and disclosures to confirm how much of their value is actually tied to SOL — and whether they still hold it.
It's not a one-size-fits-all approach. But here are the pros and cons:
"Solana treasury companies offer more than just token exposure. Some are building real products and earning real yield. Look beyond the headlines and focus on how SOL fits into their broader strategy"
Discover which companies are stocking up on altcoins and why it might matter to you.
Wondering why companies are stockpiling Binance Coin? This guide breaks down who’s doing it, why it matters, and what you need to watch out for.
These are the companies quietly adding XRP to their balance sheets.
Wondering why companies are stockpiling Ethereum? This guide breaks down who’s doing it, why it matters, and what you need to watch out for.
Wondering why companies are stockpiling Bitcoin? This guide breaks down who’s doing it, why it matters, and what you need to watch out for.