Solana Treasury’s 5 Largest Trading Companies

Michael Saylor developed the digital economy while his company was still there The way he started shopping Bitcoin in 2020, collecting more than $53 billion of BTC in the years since-and to encourage a group of followers.

Now, publicly traded companies are taking a risk and adding various crypto tokens to their portfolios, including Ethereum and XRP images.

This includes creating economic policies that are compatible with each other Solanathe seventh largest crypto asset by market capitalization. Solana is popular as a destination for token sales major online marketplacesand the network has attracted the attention of several marketing companies.

Solana’s top companies stole billions of dollars from SOL at its peak. Here are the top five businesses betting on Solana, based on what they currently have.

1. Forward Industries – 7,044,079 SOL

The publicly traded healthcare company Forward Industries has the largest assets of Solana, boasting 7,044,079 SOL as of the latest update in March 2026. The company dropped about $1.6 billion to take that amount in September, but its value has dropped to $486 million as Solana sells in June 69.

The company, led by funding from major crypto players such as Galaxy Digital, Jump Crypto, and Multicoin Capital – raised $1.65 billion through a private investment in Public Equity (PIPE) to fund its assets a few days before buying the Solana stash.

With the help of the integration of the chain and the open market, Forward wants to differentiate its economy from others by participating in the chain and providing what it says is the best value for its shareholders. The company is investing all of SOL’s money in its own fund, creating a return for its business and shareholders. In Q4, it made about $4.6 million in fixed incomeaccording to the December update.

After a splashy purchase, the firm announced plans get another $4 billion to buy Solana for his wealth and later tokenized shares of the company on the Solana blockchain.

In June 2026, for the benefit of the shareholders and the entire environment of Solana, the company. began making unsolicited purchases of other Solana Treasury companiesincluding Solana Company and SkyAI, both of which have enough SOL on their paper to be included in the list.

However, no company has accepted the idea of ​​integrating all businesses.

2. Upexi – 2,361,931 SOL

Consumer products company Upexi also released its Solana asset management plan in April 2025, and shared more shares. UPXI more than 300% in the way. Those shares have fallen sharply, falling from a 52-week high of $22.57 to recently change hands at $0.91—down more than 96%.

What started with raising $ 100 million for the purchase of SOL oil has now turned into more than 2.36 million Solana, worth about $ 163 million.

After the first upgrade, the company added another $200 million through offerings and convertible notes, which show the $300 million raised was used to acquire part of its latest SOL stack. But as Solana has fallen, its fortunes have taken a heavy toll, now down nearly 58% since its inception. according to data from the company’s dashboard.

Last August, the company established a new advisory committee to be the catalyst for its next leg of growth, adding BitMEX co-founded by crypto billionaire Arthur Hayes as its first member.

Showing off commitment to the company’s workThe company’s CEO Allan Marshall publicly announced the purchase of 150,000 shares of UPXI in December—worth about $285,000 at the time.

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

The real estate investment firm that turned Solana Treasury Company, DeFi Development Corporation is now the third largest investor in Solana’s assets – displacing the other two that are not far down the list.

The company has about 2.3 million SOL, worth about $ 158 million at the current price of Solana, collecting all the money it has bought since it launched its plan to save money in April 2025.

DeFi Development Corp. has become one of the top listed financial services companies, and is based in the Solana area. through the acquisition of Solana validator company and partnerships with leading meme currencies such as BONK.

In June 2026, that established a $5 billion loan facility to give Solana’s consumer oil. Next December, that he publicly signed his support for the Solana Improvement Proposal (SIMD) which will reduce the rate of inflation, creating fewer SOL tokens per year.

In January 2026, that is launched a “virtual meme currency”-DONT-on the Solana blockchain, and had to deal with allegations of insider trading after the initial purchase made a large investment in the token shortly after its launch. The company later took back the seller’s tokens and earnings, burning their share of the meme’s money for a successful withdrawal.

4. Solana Company – 2,071,127 SOL

Medical device supplier Helius Technologies changed its name to Solana Company as it acquired a digital asset management system based on SOL.

The company previously announced plans to raise $500 million through a PIPE offering led by well-known crypto companies Pantera Capital and Summer Capital in September 2025.

Within a month, it used the money to raise more than 2.2 million SOL shares, making it the second largest investor in Solana. Like his The most recent 10-Q which was reserved in May 2026, the company’s holdings have decreased to 2,071,127 SOL. Once worth about $500 million, his fortune is now worth about $143 million.

Shares in the company surged 141% after its initial announcement, but then bounced back after the initial purchase. Despite a more than 220% gain in the month following its strategy change, HSDT is still more than 93% off its 52-week high of $25.50, recently trading around $1.62.

5. SkyAI – 2,000,000 SUNS

Medical equipment manufacturer Sharps Technology has launched a plan in August 2025 to upgrade $400 million in Solana’s wealth.

Between these issues, shares in the company jumped by 40%. A week later, it ended up acquiring “more than 2 million SOLs” using the proceeds it raised to do so, giving them an initial capital of around $400 million.

Since then, the company has followed a different path, changing its name to SkyAI itself he sought to “build a global financial platform.” Despite this change, the company still indicated that it has kept about 2 million SOL on its books as of May 2026. The fund is worth about $138 million as of this writing.

A representative for the company did not immediately respond Decrypt’s a question about a certain SOL religion.

Editor’s note: This article was originally posted on September 16, 2025 and was last updated on June 19, 2026.