$SOL Treasury Race Accelerates as Three Firms Chase Staking Rewards

Three public companies expanded their holdings this week, signaling growing corporate interest in Solana's staking rewards.

👉BitMining purchased 27,191 = $SOL for $4.5 million in its first Solana buy and launched a validator to earn staking yields.

👉Upexi dramatically increased holdings from 735,692 tokens in June to over 2 million $SOL, earning $65,000 daily through 8% staking rewards.

👉DeFi Development Corp boosted its holdings to 1.2 million after purchasing another 110,466 tokens.

🏅The top four Solana-holding companies now control over 3.5 million tokens worth $591.1 million, representing 0.65% of circulating supply.BitGo suggests firms are choosing = Solana over BTC to access reward-generating assets and differentiate their #treasury strategies.

🏅Bit Mining plans to raise $300 million for further Solana ecosystem expansion beyond its initial validator operations.

🏅DeFi Development will stake its holdings with various validators after being acquired by former Kraken executives.

🏅Upexi CEO Allan Marshall called July "game-changing" after raising over $200 million for additional Solana purchases.

🏅The trend reflects companies seeking alternatives to $BTC while gaining exposure to emerging blockchain infrastructure.#SolanaStrong #stakingrewards #BITMINING #UpexiTreasury #defi