Public Firms Pivot to Solana as Treasury Asset Amid Crypto Market Shift
- Firms shift to Solana treasuries, echoing Strategy’s Bitcoin accumulation strategy.
- Solana’s appeal grows with ETFs, fast UX, and a 1,425% post-FTX rebound.
- Shin says Solana treasury trend rises as BTC playbook faces new competition.
A new trend has emerged in crypto finance, wherein multiple publicly traded companies are after Solana to make it a Treasury asset. According to cryptocurrency journalist Laura Shin, three companies, Sol Strategies, DeFi Development Corp, and Upexi, have pivoted their business models to focus on holding Solana as a treasury asset.
All three firms have strongly established their business operations before making the switch to Solana Treasury Companies, mirroring Michael Saylor’s Strategy’s transformation into a Bitcoin holding company. The trend comes during a period of strong performance for Solana, which has seen its market capitalization reach approximately $76.35 billion.
The Bitcoin treasury company market is getting crowded and now companies are extending the Strategy playbook to Solana
— Laura Shin (@laurashin) May 6, 2025
Can they last?
Solana’s…
The post Public Firms Pivot to Solana as Treasury Asset Amid Crypto Market Shift appeared first on Coin Edition.
Read More
Public Firms Pivot to Solana as Treasury Asset Amid Crypto Market Shift
- Firms shift to Solana treasuries, echoing Strategy’s Bitcoin accumulation strategy.
- Solana’s appeal grows with ETFs, fast UX, and a 1,425% post-FTX rebound.
- Shin says Solana treasury trend rises as BTC playbook faces new competition.
A new trend has emerged in crypto finance, wherein multiple publicly traded companies are after Solana to make it a Treasury asset. According to cryptocurrency journalist Laura Shin, three companies, Sol Strategies, DeFi Development Corp, and Upexi, have pivoted their business models to focus on holding Solana as a treasury asset.
All three firms have strongly established their business operations before making the switch to Solana Treasury Companies, mirroring Michael Saylor’s Strategy’s transformation into a Bitcoin holding company. The trend comes during a period of strong performance for Solana, which has seen its market capitalization reach approximately $76.35 billion.
The Bitcoin treasury company market is getting crowded and now companies are extending the Strategy playbook to Solana
— Laura Shin (@laurashin) May 6, 2025
Can they last?
Solana’s…
The post Public Firms Pivot to Solana as Treasury Asset Amid Crypto Market Shift appeared first on Coin Edition.
Read More