Solana Treasury Firms Boost Holdings to 6.5M SOL as Upexi Posts 126% Surge

Core Insights - Institutional interest in Solana is increasing, with corporate treasuries expanding their holdings significantly, totaling 6.49 million SOL [1] - BIT Mining Limited and Upexi Inc. are leading the charge in corporate investments in Solana, reflecting both long-term conviction and short-term gains from the token's price rally [1] BIT Mining Limited - BIT Mining Limited has purchased an additional 17,221 SOL, bringing its total treasury to over 44,000 SOL, valued at approximately $9.95 million as of September 10, 2025 [2] - The company aims to strengthen its presence in the Solana ecosystem, focusing on validator operations to secure the network and capture staking rewards [3] - BIT Mining transitioned to Solana earlier this year, planning to raise up to $300 million to build its SOL treasury, moving away from its previous focus on Bitcoin and other cryptocurrencies [7] Upexi Inc. - Upexi Inc. has adopted a Solana treasury strategy, reporting holdings of 2,018,419 SOL valued at $447 million, reflecting an unrealized gain of $142 million [4] - The company generates an annual yield of around 8% from staking, with daily staking rewards approximately $105,000 [4] - Upexi introduced an "adjusted SOL per share" metric, which as of September 10 stood at 0.0197, or $4.37, marking increases of 56% and 126% since the initiative's launch [5] - The company has seen strong treasury performance and increased visibility through finance conferences, with former BitMEX CEO Arthur Hayes joining its advisory committee [6]