What’s fashionable? Grabbing millions of tokens and jamming them into corporate treasuries is fashionable. After Bitcoin and Ether, Solana is picking up momentum as a treasury asset.
🔊 Solana Prices Outshine Big Crypto
- Solana
SOLUSD climbed 5% early Wednesday, pushing past the $200 level and extending its seven-day gain to over 12%. The gain’s easily outpacing Bitcoin’s 
BTCUSD 2% loss and Ethereum’s 
ETHUSD 9% rally in the same time span. - What’s behind the latest boost? The crypto-as-a-treasury-asset trend is evolving fast. After Bitcoin and Ethereum dominated early adoption, Solana is now catching serious institutional interest.
- More precisely, corporate treasuries start piling into Solana — and the scale of the bets is getting massive as companies seek exposure to alternative layer-1 blockchains.
🤝 Solana Joins the Crypto Treasury Club
- Bloomberg reported this week that Galaxy Digital
GLXY, Multicoin Capital, and Jump Crypto are raising $1 billion to create a dedicated Solana treasury. - The plan involves “taking over an unidentified publicly traded entity” in a deal backed by the Solana Foundation. Financial advisory firm Cantor Fitzgerald will be leading the transaction, which is expected to close in September.
- If successful, this would mark a watershed moment for Solana’s corporate adoption, pushing it further into the institutional spotlight.
😎 $1.25B Solana Treasury Vehicle
- What’s more, The Information reported that Pantera Capital, a veteran crypto hedge fund, is raising up to $1.25 billion to convert a Nasdaq-listed company into a Solana-focused treasury.
- The new entity, set to be called Solana Co., will initially raise $500 million, with the ability to raise another $750 million through warrants. If fully executed, this would become the largest Solana treasury in the world (for now, at least).
- Pantera itself plans to invest $100 million in the vehicle, flashing high conviction that Solana will become a core blockchain infrastructure play — and potentially the next big enterprise-friendly asset after Ethereum.
☕ From Pharma to Crypto
- In a separate move, Sharps Technology
STSS, a small-cap medical device and pharmaceutical packaging company, announced plans to sell $400 million in stock to build out a Solana treasury. Shares soared more than 130% earlier this week, before sliding lower. - Backed by ParaFi, Pantera Capital, and CoinFund, the Sharps deal is another novel example of corporate Solana adoption, signaling that small and mid-sized firms are eager to allocate directly into Solana tokens.
- With a $110 billion market cap, Solana is now the sixth-largest cryptocurrency — and if these treasury deals close as planned, its position in the market could climb fast as institutional demand picks up.