Solana is creating a new institutional narrative as companies like Sharps Technology and Galaxy Digital build large SOL treasuries. Unlike Bitcoin's 'digital gold' approach, SOL offers scarcity and productive staking yields - generating daily cash flow for corporate holders.
Recent price movements show SOL outperforming BTC and ETH, surging from ~$188 to over $202 (a 7.5% increase) in just 24 hours! This treasury trend is removing tokens from circulation while creating new financial metrics like SPS (SOL Per Share).
While intriguing, be mindful of the risks: ownership concentration, premium valuation, and quarterly revaluation volatility could test the sustainability of this model.
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