Solana Sees Record Institutional Influx as Nearly $600 Million Pours In Solana (SOL) is currently experiencing an unprecedented surge in institutional demand, with publicly traded companies now collectively holding over $591 million worth of the cryptocurrency. This marks one of the most significant waves of corporate accumulation in Solana's history, signaling growing confidence from major market players.
Institutional Appetite for SOL Skyrockets
According to new data from CoinGecko, four prominent firms—Upexhi, DeFi Developments Corp, SOL Strategies, and Torrent Capital—have together acquired more than 3.5 million SOL tokens. Upexhi leads this trend, having bought 1.9 million SOL since late April 2025, representing an investment of approximately $320.4 million at an average cost of $168.63 per token. While Upexhi's current holdings are valued slightly lower at $319.5 million, the company has strategically staked its entire amount, earning an 8% annual yield as of June 30. Following closely, DeFi Developments Corp, an AI-powered online platform, holds approximately 1,182,685 SOL. This firm has adopted a tactical approach, accumulating positions during market dips. Their total holdings, acquired at an average price of $137.07, are now valued at $198.9 million, boasting an unrealized gain of $36.8 million. Meanwhile, Toronto-based investment firm SOL Strategies has steadily built its stake, holding 392,667 SOL acquired between mid-2024 and July 2025 at an average of $158.12, now worth $66 million and showing a $3.9 million gain. Lastly, Torrent Capital, a publicly traded investment company, made a smaller but well-timed acquisition of 40,039 SOL in 2025 at an average price of $161.84, currently valued at $6.7 million with a $0.2 million profit.
Diverse Strategies, Shared Confidence
While each company employs a distinct accumulation strategy, they collectively underscore a burgeoning belief in Solana's long-term prospects. Upexhi's rapid build-up and long-term staking commitment suggest strong conviction, whereas DeFi Developments Corp's method of buying during price dips highlights a more opportunistic, yet still dedicated, approach. SOL Strategies exemplifies a disciplined, dollar-cost averaging strategy, while Torrent Capital demonstrates success through strategically timed investments. In total, these four entities now control roughly 0.65% of Solana’s circulating supply and about 0.58% of its total supply, reflecting a robust institutional embrace of the Solana ecosystem.
