Public Firms Accumulate Over $1 Billion in Solana Holdings
Publicly traded companies are increasingly investing in Solana, collectively holding over $1 billion worth of SOL. Forward Industries leads the pack with over 7 million SOL, according to a report by Decrypt.
Publicly traded firms are accumulating Solana (SOL) among their digital asset holdings, reflecting a growing trend in the corporate treasury management of cryptocurrencies. The leading firm, Forward Industries, holds approximately 7,044,079 SOL, valued at around $486 million as of June 2026, down from an investment of approximately $1.6 billion made in September 2025.
This trend follows the example set by notable figures like Michael Saylor, who began acquiring Bitcoin for his firm in 2020, triggering a wave of companies exploring treasury strategies that include diverse cryptocurrencies such as Solana, Ethereum, and XRP.
Forward Industries has aimed to establish a significant position in the cryptocurrency space through substantial investments funding from key players including Galaxy Digital and Multicoin Capital. Their approach integrates a mixture of on-chain and open-market transactions. The company launched its treasury during a private investment in public equity (PIPE) deal, raising $1.65 billion to bolster its crypto presence.
The firm’s engagement with Solana is marked by efforts to differentiate its treasury management through effective execution and by staking all of its SOL holdings. This staking practice not only contributes to yield generation for the company but also reinforces the Solana ecosystem. In the fourth quarter of 2025, Forward reported generating approximately $4.6 million in staking revenue.
Since establishing its treasury, Forward Industries has indicated intentions to raise an additional $4 billion specifically for Solana acquisitions. Additionally, the firm has tokenized its shares on the Solana blockchain, further intertwining its operations with the network.
- 1. Forward Industries: 7,044,079 SOL, invested $1.6 billion, now valued at $486 million.
- 2. Top Q2 Companies: To watch for how they manage and report their holdings moving forward.
As Solana continues to be recognized as a strong destination for digital asset investments and decentralized finance (DeFi), the actions of these publicly traded firms could signify broader market trends. Investors and observers will be monitoring these companies for updates on their future treasury strategies and staking results.
Summary based on original reporting by Logan Hitchcock at Decrypt, originally published Jun 19, 2026. SolanaWire does not republish source content.
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