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July 21, 2025 | Hong Kong
Solana's blockchain is once again making global headlines: today, Mercurity Fintech, an Asian firm specializing in digital payments infrastructure and crypto banking, announced that it will raise a $200 million SOL treasury, backed directly by Solana Ventures. The news, revealed by The Block, confirms that Solana's expansion strategy involves not only new DeFi protocols, but also attracting corporate treasuries to secure liquidity and strengthen institutional adoption.
The plan is clear: accumulate up to $200 million in SOL over the next 12 months, use it as a strategic reserve, and offer innovative financial products for companies that want direct exposure to the Solana network.
Why is this move so big?
Mercurity Fintech is no small player: it has been operating digital payment solutions between Asia and North America for years, and in 2023, it pivoted to blockchain infrastructure for businesses. With this new step, it becomes one of the largest corporate holders of SOL, behind only exchanges and funds like Jump Crypto.
The treasury's goal is not to speculate on the price of SOL, but rather to use it as collateral and liquidity for new tokenized products, such as backed stablecoins, payment platforms, and yield solutions for corporate treasuries.
Solana Ventures' backing
What's most interesting: Solana Venturesโthe investment arm of the Solana Foundationโdirectly supports this move with technical advice and access to liquidity. The partnership means that part of the funds will come from strategic placements, OTC deals, and potential liquidity injections from institutional partners.
These types of corporate treasuries have already been used in ecosystems like Ethereum, but this is the first time an Asian financial player has structured something of this magnitude for Solana. The message is clear: Solana wants to establish itself as the preferred platform for large-scale tokenized payments.
What does it mean for SOL?
This plan comes at a critical time: SOL is nearing yearly highs, driven by renewed DeFi flows, NFT adoption, and experimental Layer 2s. Having a corporate buyer willing to hold $200 million on balance sheet adds upward pressure and institutional confidence, especially for investors who still doubted Solana's stability after past congestion issues.
Analysts estimate that, if executed well, Mercurity Fintech could represent up to 2% of SOL's current free float, which is considerable for an asset with a relatively limited circulating supply.
Topic Opinion:
This type of news defines the narrative of the new cryptoeconomy: it's no longer just about anonymous retail traders and DeFi, but about companies building multi-million-dollar reserves in public tokens, with backing from foundations and VCs.
Mercurity Fintech shows that Solana isn't dead, far from it: it's pivoting from being just the "blockchain of NFTs" to becoming the backbone for tokenized payments and corporate treasuries. The challenge is always the same: governance, scalability, and resilience to network outages.
If the execution is good, Solana consolidates its narrative of speed and low costs as a magnet for corporate capital. If the network collapses again or the treasury is mismanaged, it will be another lesson that hype and infrastructure must grow hand in hand.
๐ฌ Do you think it's sound for corporations to accumulate large reserves of SOL?
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