Solana Price Surge Boosts Treasury Stocks of Nasdaq Companies

Solana (SOL) has seen its price surge to $120, marking a significant milestone in nine months. This rally is having an impact on Nasdaq-listed companies that have invested heavily in SOL.

Forward Industries holds the largest stash of SOL among public companies, with between 7.55 and 8.16 million tokens worth approximately $900 million to just under $1 billion at current prices.

Solana Company (HSDT) also holds a substantial amount of SOL, having raised around $500 million via a PIPE transaction in 2025 to build this position.

Collectively, tracked public companies now hold over 17 million SOL in their treasuries, representing more than $2B in aggregate digital asset exposure at the current price of $120 per token.