Strategic Solana Reserve data showed that Solana treasuries have hit 17.11 million SOL tokens, worth over $4 billion at current prices.
Solana-based corporate treasuries surged past $4 billion as companies have continued to accumulate the cryptocurrency, according to new data.
Data from the reserve tracker, Strategic Solana Reserve, showed on Tuesday that Solana treasuries hit 17.11 million tokens, worth $4.03 billion at current prices. The reserves accounted for almost 3% of Solana’s (SOL) circulating supply of more than 600 million tokens.
The largest participant was Forward Industries, which held more than 6.8 million SOL, worth $1.61 billion. Other firms such as Sharps Technology, DeFi Development Corp. and Upexi each held about 2 million SOL, with individual allocations exceeding $400 million.
