Top 5 publicly traded Solana Treasury companies

Michael Saylor popularized the digital asset treasury when his company strategy Purchase started Bitcoin in 2020, generating over $53 billion worth of Bitcoin in the years since – and Inspiring a wave of followers.

Now, publicly traded companies are moving down the risk curve and adding various digital tokens to their balance sheets, including… Ethereum and XRP.

This includes creating closet strategies centered around Solanathe seventh largest cryptocurrency asset by market capitalization. Solana is popular as a destination for token trading and Online capital marketsThe network has caught the attention of several publicly traded companies.

Solana’s major treasury firms extorted billions of dollars’ worth of SOL at its peak. Here’s a look at the five largest publicly traded companies betting on Solana, based on their current holdings.

1. Advanced industries – 7,044,079 Sol

Publicly traded medical design company Forward Industries currently has Solana’s largest treasury, with 7,044,079 Solana as of its last update in March 2026. The company dropped about $1.6 billion to capture the bulk of that amount in September, but its value has dropped to just $486 million with Solana trading at about $69 in June.

The company — driven by funding from major cryptocurrency players like Galaxy Digital, Jump Crypto, and Multicoin Capital — raised $1.65 billion through a private investment in public equity (PIPE) to build its treasury just days before acquiring its Solana cache.

Powered by a mix of cross-chain and open market transactions, Forward aims to differentiate its treasury from others by participating more across the chain and providing what it says is more efficient execution for its shareholders. The company stores each SOL in its treasury, generating a return for its business and shareholders. In Q4, it was created About $4.6 million in staking revenueaccording to the December update.

After making the impressive purchase, the company announced its intention to do so Raise another $4 billion to buy Solana For her closet and then Token shares of the company On the Solana blockchain.

In June 2026, seeking to benefit shareholders and the Solana ecosystem as a whole It began making unsolicited offers to acquire other Solana treasury businessesincluding Solana and SkyAI, both of which hold enough SOL on their balance sheets to be included at the bottom of this list.

However, neither company has accepted all-stock business combination proposals.

2. Ubex – 2,361,931 sol

Consumer products company Upexi also launched its Solana treasury strategy in April 2025, sending its shares soaring UPXI more than 300% In this process. Since then, these shares have fallen significantly, sliding from their 52-week high of $22.57 to $0.91 recently, a decline of over 96%.

What started with raising $100 million to support SOL purchases has now turned into more than 2.36 million Solana, worth about $163 million.

After the company’s first increase He added another $200 million By offering shares and convertible notes, representing a total of $300 million in raises that were ultimately used to take over a portion of its existing SOL stack. But with Solana’s fall, its treasury has been dramatically affected, now down by about 58% since its inception. According to the company’s dashboard data.

Last August, the company Established a new advisory committee To be a catalyst for its next phase of growth, it added BitMEX co-founder and cryptocurrency billionaire Arthur Hayes as its first member.

To show him Commitment to the company missionthe company’s CEO Alan Marshall publicly disclosed the purchase of 150,000 shares of UPXI stock in December — worth about $285,000 at the time.

3. DeFi Development Corp. – 2,294,576 Sol

DeFi Development Corporation, a real estate software company turned Solana treasury company, has become Solana’s third-largest publicly traded treasury company — narrowly beating out a pair of other companies not far down the list.

The company owns approximately 2.3 million Solana, worth about $158 million at Solana today, and has accumulated the amount via various purchases since establishing its treasury strategy in April 2025.

DeFi Development Corp was one of the most active treasury companies on the list, and has become increasingly entrenched within the Solana community Through its acquisition of Solana Validator And cooperation with leading meme currencies such as BONK.

And in June 2026 Establishing a $5 billion line of credit To fuel Solana’s strategic purchases. The following December, that is He publicly indicated his support for Solana’s new improvement proposal (SIMD) would reduce the inflation rate of the network, and produce fewer SOL tokens per year.

In January 2026 Launching an “experimental meme coin”– No – on the Solana blockchain, and quickly had to deal with allegations of insider trading after one of its early buyers made huge sums on the token shortly after its launch. The company later repossessed the seller’s tokens and the net proceeds, and burned its stake in the meme to effectively remove it from circulation.

4. Solana Company – 2,071,127 dollars

Publicly traded medical device company Helius Technologies changed its name to Solana as it adopted a SOL-centric digital asset treasury strategy.

Company It first announced plans to raise $500 million via a PIPE offering led by prominent cryptocurrency firms Pantera Capital and Summer Capital in mid-September 2025.

Less than a month later, it used the funds to amass more than 2.2 million Solana, making it the second-largest publicly traded Solana treasury. As of then Latest 10-s Introduced in May 2026, the company’s holdings have since decreased to 2,071,127 Sol. The value of its treasury, which was previously worth about $500 million, now stands at about $143 million.

The company’s shares rose 141% after announcing the initial increase, but fell after it made its first purchase. Despite posting gains of more than 220% in the month following its strategy change, HSDT is still more than 93% below its 52-week high of $25.50, where it recently traded near $1.62.

5. SkyAI – 2,000,000 suns

Medical device manufacturer Sharps Technology laid out a plan in August 2025 to raise $400 million to Solana’s treasury.

Amid this news, the company’s shares jumped more than 40%. A week later, it completed the acquisition of “over 2 million Sol” using the proceeds it raised to do so, giving it a starting treasury of around $400 million in the process.

Since then, the company has taken a different path, changing its name to SkyAI He sought to “build a global platform for agent finance.” Despite this shift, the company still reports that it holds about $2 million SOL on its balance sheet as of May 2026. That amount is worth about $138 million as of this writing.

A company representative did not immediately respond Decryption Question about a specific SOL class.

Editor’s Note: This story was originally published on September 16, 2025 and was last updated on June 19, 2026.