Deng Tong, Golden Finance
On August 25, 2025, companies such as Pantera, Sharps Technology, DeFi Development Corp, Galaxy Digital, Multicoin, and Jump Crypto are optimistic about SOL and are creating an SOL treasury. Solana is gaining attention overnight.
Which companies have announced SOL treasury reserve plans? Why do they favor SOL?
1. Multiple Companies' SOL Treasury Reserve Plans
1. Pantera
On August 25, 2025, reports indicated that the well-known cryptocurrency fund management company Pantera Capital is raising up to $1.25 billion with the aim of transforming a listed company into an investment company focused on Solana. This is the company's latest move to invest in blockchain infrastructure and digital assets.
The restructuring or acquisition involves a listed shell company, which is similar to traditional financial strategies that reposition public entities for dedicated investment purposes. This approach will enable the company to provide structured exposure to the Solana ecosystem, potentially attracting more investors who are unwilling to hold digital assets directly.
Pantera's proposed $1.25 billion financing plan reflects a strong confidence in Solana's long-term potential. Pantera aims to create a publicly traded investment vehicle to indirectly participate in the development of the Solana ecosystem. It can also buffer the inherent volatility of directly holding cryptocurrencies, providing a more traditional investment structure supported by a publicly listed entity.
This transformation also highlights the trend of digital assets increasingly integrating into traditional financial frameworks. Pantera's transformation of a listed company into a Solana treasury effectively bridges the gap between traditional finance and the blockchain economy.
2. Sharps Technology
On August 25, 2025, medical device manufacturer Sharps Technology announced it would invest $400 million in a private equity investment (PIPE), with investors including ParaFi, Pantera, Monarq, and plans to establish the world's largest Solana digital asset treasury. The transaction is expected to be completed around August 28, with Sharps acquiring $50 million worth of SOL tokens at a price 15% lower than its 30-day average price. Investors can use locked or unlocked SOL to fund their allocations, receiving pre-funded and bundled warrants in return, linking stock exposure directly to Solana.
Sharps also announced the appointment of Jambo co-founder Alice Zhang as Chief Investment Officer and James Zhang as Strategic Advisor—both are well-known figures in the Solana ecosystem.
3. DeFi Development Corp
On August 25, 2025, DeFi Development Corp. announced it would sell approximately 4.2 million shares of common stock at a purchase price of $12.50 per share and approximately 5.7 million shares of pre-funded warrants at a purchase price of $12.4999 per share and an exercise price of $0.0001 per share. The net proceeds will be used to purchase spot SOL and discounted locked SOL, enabling the company to expand its holdings.
Joseph Onorati, CEO of DeFi Development Corp, stated: 'This issuance allows us to increase a large amount of SOL on our balance sheet while still driving growth in NAV/share. Our goal is simple: to acquire as much SOL as possible as quickly as possible and to achieve appreciation for investors in a way that compounds the per-share value. This transaction not only expands the absolute scale of our SOL fund but also improves the efficiency of our SPS growth strategy.'
4. Galaxy Digital, Multicoin, Jump Crypto
Bloomberg reported on August 25, 2025, citing anonymous sources that Galaxy Digital, Multicoin, and Jump Crypto are seeking to create the largest crypto treasury reserve specifically targeting Solana and have hired Cantor Fitzgerald as the lead banker, appointing Cantor Fitzgerald LP as the lead underwriter for the transaction. The plan is expected to be completed in early September.
The plan involves taking over a listed company to create a financial company focused on digital assets related to SOL. This plan represents the recognition of Solana's technological advantages by three companies. The Solana Foundation has acknowledged the efforts of these three companies and supports this financial initiative.
2. Why do they favor SOL?
1. Staking Yield
The staking yield of Solana is approximately 7%, which is highly attractive. Crypto treasury companies can earn additional yields through staking SOL without affecting their long-term investment strategies. Staking yields not only serve as a source of passive income but can also be reinvested to further expand asset size.
Staking also grants crypto treasury companies deeper participation rights in the SOL ecosystem. By staking SOL, companies can participate in the governance and maintenance of the Solana network. Companies can express opinions on critical matters such as the formulation of network rules and upgrade directions, thereby enhancing their voice within the entire ecosystem.
2. From Meme Platform to Stablecoin Star
The Solana ecosystem was once seen as a Meme hotspot, but over time, as the Meme craze wanes, investors are increasingly shifting from speculation to value investment. In the current rise of stablecoins, Solana is also transforming from a Meme platform into a stablecoin star. Solana's high throughput, processing tens of thousands of transactions per second, and extremely low transaction fees make it an ideal choice for stablecoin application scenarios, such as microtransactions, cross-border payments, and DeFi. Stablecoins like USDC, USDT, PYUSD, USDY, and USDS continue to advance within the Solana ecosystem.
Greg King, CEO of REX Financial, believes: In terms of stablecoins, Solana is the 'future star' outside of Ethereum.
In the current situation where traditional financial giants are entering the stablecoin track, joining the ranks of the SOL treasury reserves is the trend of the times.
3. Future Appreciation Potential
Some analysts believe SOL could rise to $258, representing a 27% increase from the current price.
Since the end of 2025, SOL's price trend has exhibited a V-shaped recovery chart pattern on a weekly time frame (a V-shaped recovery is a bullish pattern indicating that the asset price experiences a significant rise after a sharp decline, completing the V-shaped recovery when the price rises to the resistance level at the top of the V-shaped pattern, also known as the neckline).
SOL seems to be on a similar trajectory, where bulls need to push the price back to the $200 support level to increase the likelihood of a rise to $220. If the price exceeds this level, the next reasonable move will be the $260 neckline, completing the V-shaped pattern.
SOL/USD weekly chart. Source: Cointelegraph/ TradingView
The above chart also shows that SOL is above all major moving averages on both the weekly and daily charts, indicating strong support below. On the lower four-hour chart, the altcoin is positioned above the 100-day and 200-day moving averages, reinforcing the bullish outlook for SOL.
Analyst Crypto King believes SOL could reach a historical high of $295.
3. Summary
The clustering of many companies in the SOL treasury reserve reflects the market's high recognition of the value of the Solana ecosystem. The giants' real investments in SOL not only enhance market confidence in the Solana ecosystem but also clarify the investment direction for ordinary investors: focusing on long-term value investment and prioritizing high-quality ecosystems is the way to go. With the entry of giants like Pantera, the potential of the Solana ecosystem will continue to be explored, further solidifying its leading position in the cryptocurrency space with institutional funding. Solana has shed the label of 'Meme Paradise'; its prospects extend beyond stablecoins, possibly into uncharted territories yet to be measured.
