Upexi is the largest public company holding Solana tokens and uses a SOL strategy to build its holdings and generate additional revenue through staking. In an interview with crypto.news, Upexi CEO Allan Marshall explains why the company executed a large equity private placement to build a crypto treasury, citing MicroStrategy’s playbook and a more accommodating…
Solmate launched with $300 million to establish a Solana treasury in UAE. Emerging from an oversubscribed private placement with backing from Ark Invest and UAE’s Pulsar Group, the new entity seeks to build physical staking infrastructure in Abu Dhabi. Summary Solmate launches with $300 million to establish a Solana treasury in the UAE, rebranding from…
Solana price continued its strong momentum this week, and the alignment between its technicals and fundamentals points to more gains in the coming weeks. Summary Solana price has several bullish catalysts that will push it higher. The SEC will likely approve numerous ETFs later this year. SOL price has numerous bullish technicals. Solana (SOL) token…
Kenya is preparing to launch a state-backed digital coin on Solana’s high-throughput infrastructure, a technological gamble that targets its massive microtransaction economy and signals its intent to shape Africa’s role in the global digital marketplace. Summary Kenya is planning to launch state-backed digital coin on Solana, targeting its micro-transaction economy. Former PM Raila Odinga said…
Solana-focused DeFi Development Corp. has announced the expansion of its Treasury Accelerator program. Summary DeFi Development Corp expands digital asset treasury program Individual funds will receive up to $75 million from the fund The firm will reinvest all the profits from the fund to accumulate Solana Institutional interest in altcoins, including Solana, is rising. On…
CME Group is launching options for Solana and XRP futures this October. The move signals a major shift, acknowledging that institutional liquidity is now firmly expanding beyond the established dominance of Bitcoin and Ether. Summary CME will launch Solana and XRP options on October 13, pending regulatory approval. The move expands beyond Bitcoin and Ether,…
Forward Industries intends to expand its $1.58 billion in Solana holdings with up to $4 billion in new purchases.Forward Industries intends to expand its $1.58 billion in Solana holdings with up to $4 billion in new purchases. Summary Forward Industries filed for an option to sell $4 billion of its stock to acquire Solana So…
Solana recently broke through the $240 resistance level, with institutional investors driving momentum. Summary Solana is seeing strong momentum, with recent multi-month highs Pantera Capital and Helius are accumulating significant SOL positions DeFi market activity continues to grow, especially for memecoins Solana has seen renewed momentum, pushing through major resistance levels and drawing attention from…
Helius Medical Technologies has become the latest entrant in the altcoin treasury market with the launch of a $500 million corporate treasury for Solana. Summary Helius Medical Technologies launched a $500M Solana treasury via an oversubscribed PIPE offering led by Pantera Capital and Summer Capital. The deal includes $750M in additional warrants. Helius will scale…
Forward Industries has gone all in on Solana, securing more than 6.8 million tokens and immediately committing them to staking. The move signals the company’s long-term, vested interest in the health of the Solana ecosystem itself. Summary Forward Industries acquired 6.82 million SOL tokens worth $1.58B in its first treasury move. The purchase was funded…
