In This Article
A surprising trend has emerged in global corporate finance: companies are adding SOL to their corporate treasuries. Much like how some firms adopted Bitcoin as a reserve asset in the early 2020s, 2024–2026 saw a wave of publicly traded companies building large SOL holdings as part of long-term treasury strategies. These strategic moves offer investors exposure to Solana’s price and signal growing confidence in the network’s future.
This article breaks down the largest known corporate and institutional treasury holders of Solana in 2026:
- Forward Industries – Pioneering digital asset treasury, massive Solana accumulation, strategic investor backing.
- Solana Company – Blockchain-focused corporate treasury, strong Solana ecosystem ties, DeFi participation.
- DeFi Development Corp – Real estate software pivot, crypto treasury strategy, substantial SOL holdings.
- Upexi – US-based, strategic Solana purchases, discounted token acquisition, growing crypto treasury.
- Sharps Technology – Private funding-backed, large Solana treasury, ecosystem partnership integrations, multi-million SOL.
1. Forward Industries
Company Overview
Forward Industries (NASDAQ: FWDI) is a company originally known for its medical design services and consumer product solutions. In late 2024 and early 2025, the firm dramatically pivoted toward digital asset treasury management with a specific focus on acquiring Solana.
Adoption of Solana
Forward Industries announced a strategic shift and multi-billion-dollar fundraising effort in September 2025 to build what it called the largest Solana digital asset treasury. The company raised $1.65 billion through a private investment in public equity (PIPE) backed by major crypto players including Galaxy Digital, Jump Crypto, and Multicoin Capital.
SOL Holdings
Forward Industries holds approximately 6.9 million SOL tokens, making it the largest corporate holder of Solana on record. This amount represents well over 1% of the circulating supply.
2. Solana Company
Company Overview
Solana Company (Ticker: HSDT) is a corporate entity that has adopted Solana holdings as part of its balance sheet strategy. The company also has a historical connection to the Solana ecosystem, reflecting deeper engagement with the blockchain’s development and adoption.
Adoption of Solana
Solana Company began accumulating SOL as part of its corporate treasury in 2025, aligning with the rising institutional interest across Web3 and blockchain development companies.
SOL Holdings
Solana Company currently holds approximately 2.3 million SOL tokens in reserve.
Strategic Role
The firm’s SOL holdings are part of a broader strategy to participate in Solana’s DeFi and developer ecosystem, while also positioning as a corporate bridge between traditional business and blockchain adoption.
3. DeFi Development Corp
Company Overview
DeFi Development Corp. (NASDAQ: DFDV) initially operated in real estate software and digital infrastructure before pivoting into digital asset treasury strategy and Solana participation.
Adoption of Solana
The company began building SOL positions during 2025, coinciding with its shift toward digital asset operations and blockchain service integration.
SOL Holdings
It holds roughly 2.2 million SOL tokens, making it one of the largest public companies in terms of Solana treasury size.
4. Upexi
Company Overview
Upexi (NASDAQ: UPXI) is a US-based company that shifted part of its business to crypto treasury accumulation, focusing on Solana.
Adoption of Solana
Throughout 2025, Upexi strategically accumulated SOL through discounted locked token purchases and private placements.
SOL Holdings
Upexi holds more than 2 million SOL tokens, valued at close to $270 million.
5. Sharps Technology
Company Overview
Sharps Technology (NASDAQ: STSS) is another firm that raised private funding in 2025 to support a large Solana treasury strategy.
Adoption of Solana
In August of 2025, Sharps completed a multi-billion-dollar PIPE financing, targeting Solana purchases and strategic ecosystem partnership integrations.
SOL Holdings
While exact publicly disclosed amounts vary, Sharps is estimated to hold just under 2 million SOL tokens in its treasury strategy.
Conclusion
By 2026, Solana treasury strategies have stepped up as a compelling corporate finance trend. From Forward Industries’ blockbuster 6.8 million SOL holdings to companies like Upexi and DeFi Development with multi-million SOL reserves, these firms prove that there is strong institutional confidence in Solana’s long-term network and utility.
Whether motivated by long-term asset appreciation, staking yield generation, or deeper ecosystem participation, Solana treasury allocations are setting the stage for broader institutional engagement.
