Five publicly traded companies now hold more than $1 billion in SOL, diversifying corporate treasuries beyond Bitcoin and Ethereum.
Publicly traded firms have accumulated over $1 billion in Solana (SOL), expanding corporate treasury strategies beyond Bitcoin and Ethereum. Forward Industries leads with 7 million SOL, purchased for $1.6 billion in September, now valued at $486 million as SOL trades near $69.
The shift follows Michael Saylor’s Bitcoin treasury model, which amassed $53 billion in BTC since 2020. Firms are now diversifying into altcoins like Solana, the seventh-largest crypto by market cap, citing its role in token trading and internet capital markets.
Solana’s price volatility has reduced the value of these holdings, but the trend reflects growing corporate interest in digital assets beyond Bitcoin.