The 5 Largest Publicly Traded Solana Treasury Firms

Michael Saylor popularized the integer plus treasury erstwhile his steadfast Strategy began buying Bitcoin successful 2020, racking up implicit $53 cardinal worthy of BTC successful the years since—and inspiring a question of followers.

Now, publically traded firms are moving down the hazard curve and adding antithetic crypto tokens to their equilibrium sheets, including Ethereum and XRP.

That includes creating treasury strategies centered connected Solana, the seventh-largest crypto plus by marketplace capitalization. Solana is fashionable arsenic a destination for token trading and net superior markets, and the web has drawn the attraction of respective publically traded firms.

The apical Solana treasury firms snatched up billions of dollars' worthy of SOL astatine their peak. Here's a look astatine the apical 5 publically traded firms that are betting connected Solana, based connected their existent holdings.

1. Forward Industries - 7,044,079 SOL

Publicly traded aesculapian plan steadfast Forward Industries presently holds the largest Solana treasury, boasting 7,044,079 SOL arsenic of its latest update successful March 2026. The steadfast dropped astir $1.6 cardinal to prime up the bulk of that sum successful September, but its worth has fallen to conscionable $486 cardinal arsenic Solana trades astir $69 successful June. 

The firm—propelled by financing from large crypto players similar Galaxy Digital, Jump Crypto, and Multicoin Capital—raised $1.65 cardinal via a backstage concern successful nationalist equity (PIPE) to found its treasury conscionable days earlier acquiring its Solana stash.

Fueled via a premix of on-chain and open-market transactions, Forward aims to differentiate its treasury from others by participating much on-chain and providing what it says is much effectual execution for its shareholders. The steadfast is staking each of the SOL successful its treasury, generating output for its concern and shareholders. In Q4, it generated astir $4.6 cardinal successful staking revenue, according to a December update.

Solana Treasury Firm Forward Industries Keeps Trying to Acquire Rivals—But Nobody's Biting

After making its splashy purchase, the steadfast announced intentions to rise different $4 cardinal to acquisition Solana for its treasury and aboriginal tokenized shares of the institution connected the Solana blockchain.

In June 2026, seeking to payment shareholders and the Solana ecosystem arsenic a whole, the steadfast began making unsolicited offers to get different Solana treasury firms, including the Solana Company and SkyAI, some of which clasp capable SOL connected their equilibrium sheets to beryllium included further down this list.

However, neither steadfast accepted the all-stock concern operation proposals.