Solana Gains Traction Among Listed Companies

Solana is gaining traction among listed companies, which are now holding more than $1 billion in SOL. Forward Industries leads the pack with over 7 million tokens worth around $486 million, acquired at a cost of approximately $1.6 billion with backing from Galaxy Digital.

The company plans to raise an additional $4 billion to buy more SOL and engage in active on-chain participation. Upexi holds 2.36 million SOL, valued at roughly $163 million after initially raising $100 million for SOL buying and later adding another $200 million through equity offerings.

The Solana Company, formerly known as Helius Technologies, has also become a significant holder with more than 2 million SOL worth around $143 million. DeFi Development Corporation and SkyAI round out the list, each holding close to 2.3 million and 2 million SOL respectively.