Five publicly traded companies now hold Solana tokens, led by Forward Industries with 7.04 million SOL valued at $486 million.
Publicly traded firms have accumulated Solana (SOL) as part of a broader shift toward diversifying digital asset treasuries. Forward Industries leads with 7.04 million SOL, purchased for $1.6 billion in September 2025, now worth $486 million amid SOL’s decline to $69 per token.
The trend follows Bitcoin treasury strategies popularized in 2020, with firms expanding into altcoins like Ethereum and XRP. Forward Industries secured $1.65 billion via a PIPE deal backed by Galaxy Digital and Jump Crypto to fund its SOL acquisitions.
Solana, the seventh-largest crypto by market cap, has attracted corporate treasuries due to its role in token trading and decentralized finance. Holdings peaked at higher valuations before recent price corrections.