TLDR
- Three major crypto firms planning $1 billion Solana treasury – largest corporate SOL reserve ever
- Solana maintains 23-week streak leading all blockchains in network revenue with $15.95 million weekly
- SOL price targets $222 short-term, $360 long-term despite recent 3% dip below $200
- Multiple public companies adopting Solana treasury strategies worth hundreds of millions
- September completion target set with Solana Foundation backing and Cantor Fitzgerald as lead banker
Galaxy Digital, Multicoin Capital, and Jump Crypto are spearheading an unprecedented $1 billion Solana treasury initiative. The project aims to create the largest corporate SOL reserve in cryptocurrency history.
The plan involves acquiring a publicly traded entity to establish a dedicated Solana treasury company. Cantor Fitzgerald serves as the lead banker for this groundbreaking deal.
The Solana Foundation has endorsed the initiative, lending institutional credibility to the project. The firms target September 2025 for completion of this massive undertaking.
This treasury would dwarf existing corporate holdings by more than double. Currently, Upexi leads with 2 million SOL tokens worth approximately $400 million.
Solana Price Prediction
SOL recently traded near $198, down 3% in 24 hours but maintaining an 8% weekly gain. The token reached a daily high of $213.02 before pulling back.
Trading volume surged 88% in the past day, indicating heightened investor interest. The price holds above crucial moving averages including 50-day, 100-day, and 200-day SMAs.
Analyst Ali Martinez projects SOL could hit $222 upon breaking $211 resistance. His longer-term target reaches $360, suggesting substantial upside potential.
Key support sits at $200, while $211 represents the primary resistance level. Some traders eye buying opportunities below $195 in the Fibonacci golden zone.
Network Fundamentals Drive Institutional Interest
Solana continues dominating blockchain revenue metrics for an impressive 23 consecutive weeks. The network generated $15.95 million in the latest reporting period.
This consistent revenue leadership across all Layer 1 and Layer 2 blockchains reinforces institutional confidence. The performance streak spans nearly six months of sustained growth.
Other companies are following similar treasury strategies. Sharps Technology announced a $400 million private placement for SOL accumulation.
The company also secured a $50 million discounted SOL purchase agreement with the Solana Foundation. DeFi Development Corporation and Sol Strategies have implemented comparable reserve plans.
Even Bitcoin miner Bit Mining pivoted to Solana, planning up to $300 million in SOL reserves. This trend demonstrates cross-sector institutional adoption.
Derivative markets show mixed sentiment with total futures open interest dropping 2% to $12.48 billion. CME and Binance futures declined 4% and 7% respectively.
The Relative Strength Index sits at 56, suggesting room for upward movement. Recent golden cross pattern formation supports continued bullish momentum.
Galaxy Digital, Multicoin Capital, and Jump Crypto remain on track for their September 2025 completion target for the $1 billion Solana treasury initiative.
