Bitwise Snaps Up Huge Stakes in Solana Amid Market Volatility

Bitwise, a leading asset management firm, has bought heavily into Solana despite its slow momentum in the Solana ETF market. The data shows that Bitwise purchased $107.4 million of SOL over the last 20 trading sessions.

This substantial Solana purchase has boosted Bitwise's holdings and expanded its Solana exposure. As of Thursday, September 10, Bitwise now holds over 9,030,000 SOL.

The recent purchases have pushed Bitwise's holdings close to a major milestone as institutions continue to demand the product. Per Solana's current trading price of around $101, the Bitwise Solana holdings are currently worth about $918 million, suggesting that it may soon reach a massive $1 billion milestone in its Solana holdings.