The 5 Largest Publicly Traded Solana Treasury Firms

Core Insights - Publicly traded firms are diversifying their crypto asset holdings beyond Bitcoin, with a notable focus on Solana, Ethereum, and XRP [1][2] Group 1: Market Trends - Michael Saylor's Strategy popularized the concept of digital asset treasury by acquiring over $70 billion in Bitcoin since 2020, influencing other firms to follow suit [1] - The total investment in Solana by top firms has exceeded $2.5 billion, indicating a growing interest in this cryptocurrency [2] Group 2: Company Holdings - Forward Industries holds the largest Solana treasury with 6,822,000 SOL, valued at nearly $1.6 billion, acquired through significant financing from major crypto players [3][4] - DeFi Development Corp. is the second-largest holder with 2,027,817 SOL, worth over $472 million, having established its treasury strategy in April [5][6]