BNB and SOL reserve companies indeed show a situation where there are alignments between Asia and Wall Street in terms of supporting forces and market strategies.

The digital asset treasury centered around BNB is accelerating its launch and layout, primarily led by Asian capital. For example, the Gelepu Mindfulness City in the special administrative region of Bhutan is incorporating BTC, ETH, and BNB into its strategic reserve assets. Nano Labs has disclosed that its BNB holdings are continuously increasing and has proposed a "multi-pronged" reserve approach, and has also reached an equity investment arrangement with CEA Industries. CEA Industries, under the strategic support of YZi Labs, announced the completion of a $500 million private placement and plans to create the largest publicly listed treasury company focused on BNB Chain, and will be renamed BNB Network Company. Additionally, B Strategy, with the strategic support from Zhao Changpeng and He Yi's family office YZi Labs, announced the establishment of a publicly listed BNB reserve company in the United States, aiming to raise as much as $1 billion.

On the other hand, SOL is primarily led by institutional investors in the United States, with Wall Street investment banks completing structured landings through tools such as mergers and acquisitions/ shell purchases, PIPEs, and convertible/ warrants. According to data from Strategic SOL Reserve, approximately 8.689 million SOL have been held by 13 institutions, with large holdings concentrated in a few companies such as Sharps Technology, Upexi, and DeFi Development Corp. Galaxy Digital, Jump Crypto, and Multicoin Capital are in discussions with investors to raise about $1 billion to focus on SOL, and plan to establish a digital asset treasury company aimed at Solana by acquiring an already listed company, with Cantor Fitzgerald serving as the lead investment bank.