In a strong move towards diversifying digital assets, major public companies like Bit Mining, Upexi, and DeFi Development Corp. have started purchasing large quantities of Solana ($SOL ) with the aim of benefiting from staking yields of up to 8% annually.
Bit Mining: Created a private validator and purchased 27,000 SOL (approximately $4.5 million).
Upexi: Increased its stake to 2 million SOL and is achieving daily profits in the five-figure range.
DeFi Development: Owns over 1.2 million #solana and plans for long-term investment.
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Stable returns in the form of daily passive income.
Institutional support boosts confidence in the Solana network.
A broad DeFi environment and rapid growth in TVL.
Profitability depends on the rising price of SOL.
Consolidation of holdings in limited companies may raise concerns about centralization.
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Analysis:
The shift of public companies towards SOL as a treasury asset represents a qualitative leap and reflects confidence in its ability to generate stable returns. With the launch of ETF funds like SSK that provide staking rewards for traditional investors, it seems that Solana is facing a wave of strong institutional demand.
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