The 5 Largest Publicly Traded Solana Treasury Firms

Michael Saylor popularized the digital asset treasury when his agency Strategy started shopping for Bitcoin in 2020, racking up over $53 billion value of BTC within the years since—and inspiring a wave of followers.

Now, publicly traded corporations are transferring down the danger curve and including totally different crypto tokens to their steadiness sheets, together with Ethereum and XRP.

That features creating treasury methods centered on Solana, the seventh-largest crypto asset by market capitalization. Solana is widespread as a vacation spot for token buying and selling and internet capital markets, and the community has drawn the eye of a number of publicly traded corporations.

The highest Solana treasury corporations snatched up billions of {dollars}’ value of SOL at their peak. Right here’s a have a look at the highest 5 publicly traded corporations which might be betting on Solana, based mostly on their present holdings.

1. Ahead Industries – 7,044,079 SOL

Publicly traded medical design agency Ahead Industries at present holds the biggest Solana treasury, boasting 7,044,079 SOL as of its newest replace in March 2026. The agency dropped round $1.6 billion to choose up the majority of that sum in September, however its worth has fallen to only $486 million as Solana trades round $69 in June. 

The agency—propelled by financing from main crypto gamers like Galaxy Digital, Bounce Crypto, and Multicoin Capital—raised $1.65 billion by way of a non-public funding in public fairness (PIPE) to ascertain its treasury simply days earlier than buying its Solana stash.

Fueled by way of a mixture of on-chain and open-market transactions, Ahead goals to distinguish its treasury from others by taking part extra on-chain and offering what it says is more practical execution for its shareholders. The agency is staking all the SOL in its treasury, producing yield for its enterprise and shareholders. In This autumn, it generated around $4.6 million in staking revenue, in response to a December replace.

After making its splashy buy, the agency introduced intentions to raise another $4 billion to purchase Solana for its treasury and later tokenized shares of the company on the Solana blockchain.

In June 2026, searching for to profit shareholders and the Solana ecosystem as an entire, the agency began making unsolicited offers to acquire other Solana treasury firms, together with the Solana Firm and SkyAI, each of which maintain sufficient SOL on their steadiness sheets to be included additional down this listing.

Nonetheless, neither agency accepted the all-stock enterprise mixture proposals.

2. Upexi – 2,361,931 SOL

Shopper merchandise agency Upexi additionally debuted its Solana treasury technique in April 2025, spiking shares of UPXI more than 300% within the course of. These shares have since fallen massively, sliding from a 52-week excessive of $22.57 to not too long ago change arms at $0.91—a greater than 96% decline. 

What began with a $100 million elevate to gas SOL purchases has now became greater than 2.36 million Solana, valued round $163 million.

After its first elevate, the agency added another $200 million by way of an fairness providing and convertible notes, marking $300 million whole in raises that finally was used to seize a portion of its present SOL stack. However as Solana has fallen, its treasury has been weighed down considerably, now down round 58% since its inception according to data from the firm’s dashboard.

Final August, the agency established a new advisory committee to be a catalyst for its subsequent leg of development, including BitMEX co-founder and crypto billionaire Arthur Hayes as its first member.

To indicate his commitment to the firm’s mission, the agency’s CEO Allan Marshall publicly disclosed the acquisition of 150,000 shares of UPXI in December—valued round $285,000 on the time.

3. DeFi Growth Corp. – 2,294,576 SOL

An actual property software program agency turned Solana treasury firm, DeFi Growth Company is now the third-largest publicly traded Solana treasury—narrowly edging out a pair of others that sit not far under on the listing.

The agency holds practically 2.3 million SOL, value about $158 million at at present’s Solana value, accumulating the quantity throughout numerous purchases since establishing its treasury technique in April 2025.

DeFi Growth Corp. has been of probably the most lively of the treasury corporations on the listing, turning into more and more ingrained inside Solana’s group through its acquisition of a Solana validator company and collaborations with main meme cash like BONK.

In June 2026, it established a $5 billion equity line of credit to gas strategic Solana purchases. The next December, it publicly signaled support for a new Solana Improvement Proposal (SIMD) that will decrease the community’s inflation charge, producing fewer SOL tokens yearly.

In January 2026, it launched an “experimental meme coin”—DONT—on the Solana blockchain, and shortly needed to cope with insider buying and selling allegations after an early purchaser made enormous sums on the token shortly after its launch. The agency later retrieved the vendor’s tokens and web proceeds, burning their portion of the meme coin to successfully take away it from circulation.

4. Solana Firm – 2,071,127 SOL

Publicly traded medical machine agency Helius Applied sciences modified its title to Solana Firm because it embraced a digital asset treasury technique centered on SOL.

The agency first announced plans to raise $500 million by way of a PIPE providing led by notable crypto corporations Pantera Capital and Summer season Capital in mid-September 2025.

Lower than a month later, it used the funds to build up greater than 2.2 million SOL, shortly making it the second-largest publicly traded Solana treasury. As of its most recent 10-Q filed in Could 2026, the agency’s holdings have since decreased to 2,071,127 SOL. As soon as valued round $500 million, its treasury is now value round $143 million.

Shares within the agency grew by 141% after its preliminary elevate announcement, however retraced after it made its first buy. Regardless of a achieve of greater than 220% within the month following its technique shift, HSDT stays greater than 93% off its 52-week excessive of $25.50, not too long ago buying and selling round $1.62.

5. SkyAI – 2,000,000 SOL

Medical machine producer Sharps Expertise established a plan in August 2025 to boost $400 million for a Solana treasury.

Amid the information, shares within the agency jumped by greater than 40%. Per week later, it accomplished the acquisition of “greater than 2 million SOL” utilizing the proceeds from its elevate to take action, giving it a beginning treasury of round $400 million within the course of.

Since that point although, the agency has pursued a unique avenue, altering its title to SkyAI because it sought “to build a global agentic finance platform.” Regardless of the shift, the agency nonetheless indicated it held round 2 million SOL on its steadiness sheet as of Could 2026. That tally is value about $138 million as of this writing.

A consultant for the agency didn’t instantly reply to Decrypt’s query a couple of particular SOL denomination.

Editor’s word: This story was initially posted on September 16, 2025 and final up to date on June 19, 2026.