Bitwise Surpasses $900M in Solana Holdings Amid Institutional Interest

Bitwise Asset Management has significantly increased its exposure to Solana (SOL) after purchasing $107.4 million worth of SOL tokens over the past month, according to data from Arkham Intelligence.

The move brings Bitwise's total holdings in Solana to more than 9,030,000 SOL, valued at approximately $918 million, with the firm on the verge of crossing the $1 billion mark in Solana exposure.

This accumulation of Solana assets is part of a broader trend of institutional interest in Solana, which has remained strong despite relatively subdued performance in the Solana ETF market.