**Solana’s Big Boom: Companies Are Betting Big on SOL as Prices and Rewards Climb**

More and more companies are stacking up on Solana (SOL) tokens, and it’s not slowing down. Right now, corporate treasuries hold a combined 6.49 million SOL, showing just how much trust businesses have in the Solana network. As the price of SOL climbs and staking rewards grow, big firms are jumping in to grab their share.

### BIT Mining and Upexi Boost Solana Holdings

BIT Mining Limited, which is shifting its focus to Solana and rebranding to SOLAI Limited, recently bought an extra 17,221 SOL. That brings their total to over 44,000 SOL—worth nearly $10 million as of September 10, 2025. The company plans to keep earning staking rewards by helping secure the Solana network through validator operations.

Upexi Inc., a company that used to focus on supply chains and consumer goods, has gone all-in on Solana since April. It now holds over 2 million SOL—worth about $447 million. Most of those tokens are staked, earning around 8% annually. That means about $105,000 per day in staking rewards alone.

To help investors track performance, Upexi created a new metric called “adjusted SOL per share.” As of September 10, it stood at 0.0197 SOL or $4.37 in value—up 56% and 126% since they started this strategy.

CEO Allan Marshall said business has been “extremely strong” lately thanks to solid treasury gains and increased exposure at financial events. The company even brought in former BitMEX CEO Arthur Hayes to join a new advisory board focused on growing their position in the crypto space.

### BIT Mining Shifts Fully to Solana

Earlier this year, BIT Mining made a big decision to move away from Bitcoin and other older coins like Litecoin and Ethereum Classic. Instead, it’s raising up to $300 million to build a large Solana treasury. The company is converting all its previous crypto assets into SOL and will raise funds in phases depending on market conditions.

BIT Mining also launched a stablecoin called DOLAI on Solana with help from Brale Inc. This dollar-pegged token is designed for AI apps, online shopping, finance, and more—and could eventually expand to other blockchains.

Now the company says its future lies in Solana staking and building blockchain-powered services.

### Billion-Dollar Treasuries Are Coming to Solana

The excitement around Solana isn’t just coming from tech companies—big finance players are getting involved too. Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly working on a massive $1 billion Solana treasury fund. They’re even looking to buy a public company to create one of the biggest corporate SOL reserves ever.

Other players are also increasing their stakes. On September 5, DeFi Development Corp added nearly 200,000 SOL (worth almost $40 million), pushing their total to over 2 million SOL, valued at $412 million. They plan to stake everything for long-term rewards.

Forward Industries also raised $1.65 billion in private funding—led by Galaxy Digital and others—to build out its own Solana-focused treasury program.

Meanwhile, Canada’s SOL Strategies started trading publicly under the ticker STKE on Nasdaq. They hold 3.62 million SOL under delegation, including over 400,000 from their treasury. Their staking program already includes participation from nearly 9,000 wallets.

According to CoinGecko data, just seven corporate entities now hold about 1.2% of all SOL in circulation—valued at over $1.4 billion.

### Solana Price Surges Past $220 as DeFi Booms

Solana’s price has crossed $220 for the first time since February—marking a seven-month high. While new user signups have slowed down, big investors are driving the price up through heavy accumulation.

Galaxy Digital recently bought 430,000 SOL worth $97 million from Binance within an hour. In total, they picked up 1.35 million SOL in just 12 hours—worth $302 million. Other large wallets have also been spotted scooping up SOL from Coinbase Prime.

Solana’s decentralized finance (DeFi) ecosystem is booming too. Total Value Locked (TVL) hit a new record of $12.2 billion on September 11—surpassing its previous high from January and more than doubling since the beginning of 2024.

Solana’s DeFi now outpaces all Ethereum Layer-2 chains combined, though Ethereum still leads overall with about $97 billion locked.

### Bullish Technical Signs Point Higher for SOL

From a chart perspective, Solana is flashing bullish signals. After breaking out of a key technical pattern at around $212, analysts say prices could soon push toward $240.

A double bottom formation near $198–$200 was confirmed by the breakout above $212—setting short-term targets at $222–$224.

Momentum indicators support this trend: the MACD is turning green and RSI is climbing, signaling strong buyer interest. As long as SOL stays above $210–$212, the uptrend looks set to continue. A dip below $208 might weaken the setup—but for now, momentum is clearly with the bulls.

### Summary

Solana is rapidly becoming a favorite among corporate investors and financial institutions. With rising prices, strong staking rewards, and growing adoption in DeFi and enterprise use cases, companies are building massive treasuries around SOL.

From BIT Mining’s strategic pivot to Upexi’s staking profits and billion-dollar funds being raised by major firms—Solana is proving itself as a serious player in the blockchain space.

With its price climbing past $220 and staking rewards offering steady returns, Solana’s future looks bright for both investors and users alike.