Institutional Solana Buying Explodes: $600M Mega-Purchase Sends SOL Into Frenzy
Wall Street's crypto FOMO just went supersonic. A single $600 million Solana buy—the kind of move that makes hedge funds suddenly remember their 'blockchain research' PowerPoints from 2021—has lit a fire under SOL's price.
Who blinked first? The usual suspects: institutions late to the party but early to the leverage. While retail traders were busy memeing, the big boys were quietly accumulating SOL at levels that now look like a Black Friday sale.
This isn't your cousin's crypto gamble. That $600 million injection represents serious institutional conviction—or at least serious FOMO. Either way, it's shaking Solana's liquidity pools like a martini at a Goldman Sachs happy hour.
Watch the derivatives markets next. When this much capital moves this fast, the smart money's already hedging. Just don't expect Wall Street to admit they're learning DeFi terms between yacht meetings.
Solana Sees Massive Institutional Buying Spree
Institutional appetite for solana is accelerating at a pace not seen before, signaling a shift in market sentiment as major players seek exposure to SOL. A new report by CoinGecko reveals that four publicly listed companies have collectively acquired more than 3.5 million SOL, now valued at over $591 million.
Leading the pack is Upexi, a Solana treasury company. Since late April 2025, Upexi has acquired 1.9 million SOL at an average cost of $168.63 per token, investing approximately $320.4 million. According to CoinGecko, the company’s position is currently valued at $319.5 million, slightly down by $0.9 million. However, the entire amount is staked, earning an 8% annual yield as of June 30.
Close behind is DeFi Developments Corp, an AI-powered online platform, with approximately 1,182,685 SOL in its treasury. The company has maintained an aggressive pace of accumulation, most recently adding 181,303 SOL on July 29 at an average price of $155.33 per token. CoinGecko reveals that DeFi Dev Corp acquired its total position at an average price of $137.07, making its holdings now worth $198.9 million, with an unrealised gain of $36.8 million.
SOL Strategies, a Toronto-based investment firm, holds 392,667 SOL, acquired steadily from mid-2024 to July 2025. Purchased at an average price of $158.12, the company’s position is now worth $66 million, reflecting a $3.9 million gain. Finally, Torrent Capital, a publicly traded investment company, has acquired 40,039 SOL. CoinGecko notes that the firm bought its Solana holdings in 2025 at an average price of $161.84. Now valued at $6.7 million, this smaller but well-timed bet is sitting on a profit of approximately $0.2 million.
Overall, these four companies control roughly 0.65% of Solana’s circulating supply and about 0.58% of its total supply.
How Public Companies Are Buying SOL
Moving forward, CoinGecko also reveals important details on how each company approaches its SOL allocation. While all four companies’ methods of accumulation differ, they share a growing confidence in Solana’s long-term prospects.
According to the report, Upexi moved quickly, building the largest SOL treasury within four months and signaling a high-conviction and long-term bet. DeFi Developments Corp has taken a more tactical approach, adding to its position during market dips while remaining committed to holding.
On the other hand, SOL Strategies built its stake gradually over 13 months through dollar-cost averaging and staking rewards, reflecting a disciplined, long-term strategy. Lastly, Torrent Capital took on a more strategically timed move, securing gains ahead of Solana’s rally in 2025.
