Can SOL coin compete in the treasury market?
Solana is just one of the assets that companies started accumulating in their treasury strategy. Bitcoin (BTC) remains the most popular treasury asset, with Strategy, formerly known as MicroStrategy, the biggest corporate holder.
Strategy currently holds 601,550 BTC and has a $126 billion market cap. In comparison, DeFi Development Corp. holds 846,630 SOL coins and has a market cap of $376.04 million. Crypto treasuries are a straightforward way for traders to gain exposure to digital assets via the stock market. At the same time, for publicly traded companies, crypto holdings offer an increasingly attractive tool to enhance stock valuation.
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