The post The 5 Largest Publicly Traded Solana Treasury Firms appeared on BitcoinEthereumNews.com.

In brief Publicly traded firms are starting to stack up Solana in addition to Bitcoin and Ethereum. The top firms have already amassed more than $2.5 billion in SOL. The leader, Forward Industries, maintains a balance of nearly 7 million SOL on its own. Michael Saylor popularized the digital asset treasury when his firm Strategy began buying Bitcoin in 2020, racking up over $70 billion worth of BTC in the years since—and inspiring a wave of followers. Now, publicly traded firms are moving down the risk curve and adding different crypto tokens to their balance sheets, including Ethereum and XRP. That includes creating treasury strategies centered on Solana, the sixth-largest crypto asset by market capitalization. Solana is popular as a destination for token trading and internet capital markets, and the network has drawn the attention of several publicly traded firms. To date, the top firms have snatched up more than $2.5 billion worth of SOL. Here’s a look at the top 5 publicly traded firms that are betting on Solana, based on their current holdings.  1. Forward Industries – 6,822,000 SOL Publicly traded medical design firm Forward Industries currently holds the largest Solana treasury, boasting 6,822,000 SOL it acquired for just shy of $1.6 billion in September.  The firm—propelled by financing from major crypto players like Galaxy Digital, Jump Crypto, and Multicoin Capital—raised $1.65 billion via a private investment in public equity (PIPE) to establish its treasury just days before acquiring its Solana stash. Fueled via a mix of on-chain and open-market transactions, Forward aims to differentiate its treasury from others by participating more on-chain and providing what it says is more effective execution for its shareholders. The firm is staking all 6.8 million SOL in its treasury, generating yield for its business and shareholders. 2. DeFi Development Corp.…

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Filed under: News - @ September 17, 2025 6:31 pm