The recent positioning of institutions towards Solana (SOL) is indeed noteworthy. Data from Strategic SOL Reserve shows that 13 companies or institutions have publicly disclosed holdings totaling approximately 8.277 million SOL, with a total value close to $1.69 billion. This amount accounts for about 1.44% of the total circulating supply of SOL. Among the held SOL, it is understood that more than 585,000 SOL have been used for staking, likely to earn an annualized staking yield of about 7% from the Solana network.

Many well-known institutions have taken action recently. For instance, Pantera Capital is planning a fund of up to $1.25 billion specifically to invest in SOL; while the three giants Galaxy Digital, Multicoin Capital, and Jump Crypto are rumored to be collaborating to raise about $1 billion to establish a SOL reserve. The entry of these large institutions indicates, on one hand, their optimism about the long-term development of the Solana ecosystem, such as its high-performance processing capabilities in the application potential of stablecoins and DeFi; on the other hand, this concentration of holdings may bring new considerations in terms of liquidity, but it also provides strong institutional support for the price of SOL.

(Note: Upon verification, the staking amount of 585,000 SOL in the original data is relatively low compared to the total disclosed holdings of 8.277 million SOL, which may suggest that most institutions hold positions primarily for strategic reserves and spot holdings, rather than simply for staking returns.)

It is evident that the “real money” of institutions is reshaping the market landscape of Solana. $SOL