US-listed companies acquire 82.1 billion won worth of Solana ($SOL), signaling the onset of institutional investment.

The number of Solana (SOL) holdings by US-listed companies is rapidly increasing, with the total value of SOL held by four companies exceeding $59.11 million (approximately 82.1 billion won). This is interpreted as a strong signal that institutional demand for cryptocurrencies is becoming full-scale. According to a recent Coingecko analysis, the Solana holdings of four companies, including NASDAQ-listed companies and Toronto Stock Exchange-registered firms, have surpassed 3.5 million tokens. This represents approximately 0.65% of the total circulating supply and 0.58% of the total supply. Among these, Upexi, Inc. holds the largest quantity. The company has actively accumulated SOL since the end of April 2025, securing 1.9 million tokens in just four months, with an average purchase price of about $168.63, totaling an investment of $320.4 million (approximately 445.1 billion won). DeFi Developments Corp is in second place, having purchased over 1.18 million SOL at an average price of $137.07, with a total purchase amount of $198.9 million (approximately 276.5 billion won). On July 29th, they continued their accumulation by additionally purchasing SOL worth $282,000. DeFi maintains a long-term holding strategy without plans to sell. The third is SOL Strategies, based in Toronto, Canada. The company has steadily purchased SOL from June 2024 to July 2025, currently holding 392,667 SOL, with a cumulative investment of $66 million (approximately 91.7 billion won). Their long-term investment strategy and staking rewards are contributing to portfolio yield improvement. The last in this group is Torrent Capital, which secured 40,000 SOL at an average price of $161.84 early this year. Although they have the smallest holdings, they have realized approximately $200,000 (about 280 million won) in valuation gains by entering during the early rise. Meanwhile, Solana (SOL) has continued its strong trend, rising more than 14% in the past month and breaking through the $180 level, with analysts noting it has reached a major resistance zone. An anonymous trader named XO analyzed the recent uptrend as a "strong technical rebound from recent lows" but noted that the structure lacks solid support. The ongoing institutional buying could potentially reshape Solana's market landscape. Historically, increased institutional demand has significantly influenced the medium to long-term prices of major cryptocurrencies, and this concentrated SOL accumulation is interpreted as an extension of this trend.