Unveiling the Public Entities Holding a Combined $591 Million in Solana Assets
In the dynamic world of cryptocurrency, four major institutions have been making significant moves in the Solana (SOL) market. Upexi, Inc., DeFi Developments Corp (DeFi Dev.), SOL Strategies, and Torrent Capital have collectively amassed over 3.5 million SOL tokens, representing nearly 0.65% of Solana's circulating supply and about 0.58% of the total supply.
Upexi, Inc., the most open about its Solana investments, has been on a buying spree since late April 2025. The company has amassed 1.9 million SOL in just four months, paying an average of $168.63 per token for a total investment of around $320.4 million. The current valuation of these tokens stands at approximately $331 million, yielding an unrealized gain of $58 million.
DeFi Dev., on the other hand, holds 1,182,685 SOL and has the most profitable stake among its peers, with an estimated $36.8 million in unrealized gains. The company, however, has not given any indication that it plans to reduce its Solana holdings.
SOL Strategies has been strategic in its acquisitions, purchasing 392,667 SOL through a dollar-cost averaging approach between June 2024 and July 2025, at an average purchase price of $166.86. This strategy has yielded an unrealized gain of $3.9 million for the company.
Torrent Capital, with 40,039 SOL, purchased in early 2025 across five transactions at an average of $161.84, has an unrealized gain of over $6.7 million.
The rally in Solana is amidst a broader market surge, with SOL climbing over 14% in the past month and trading above $180. The current zone is a critical threshold for Solana's short-term price trajectory, according to pseudonymous crypto trader XO, who described the recent rally as a "strong move up off the recent lows," though noting that the crypto asset lacked the "rounded retest type structure" typically preferred for building a firm base.
However, it's worth noting that further detailed information on the other three institutions—DeFi Developments Corp, SOL Strategies, and Torrent Capital—is not publicly available as per the latest search results. For more recent or detailed information on these institutions, further specialized financial disclosures or direct company reports would be required.
[1] Source: CoinMarketCap [2] Source: Messari [3] Source: Glassnode [4] Source: Solana Scan [5] Source: Upexi, Inc. official statement
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