- Forward Industries holds 6.82M SOL, accounting for over 45% of the six firms’ combined 15.07M SOL reserves.
- Sharps Technology and DeFi Development Corp each hold over 2M SOL, indicating institutional involvement in Solana reserves.
- Total corporate reserves exceed 17.1M SOL, with 7.4M SOL staked and public firms’ holdings up 3M since August 2025.
Six major entities each holding more than 1 million Solana tokens, indicating an ongoing consolidation of corporate reserves. According to Lookonchain, the largest holder, Forward Industries, controls 6.82 million SOL, while others including Sharps Technology and DeFi Development Corp have also accumulated significant amounts.
Altogether, these entities collectively manage 15.07 million SOL, valued at more than $3.5 billion at current prices. This shift shows how Solana is increasingly being adopted as a treasury asset among publicly listed companies and institutional firms, with broader reserves across 17 tracked entities now estimated at 17.1 million SOL.
Forward Industries Leads
Forward Industries, with a market cap of $67 million, currently holds 6.82 million SOL, the largest reserve among corporate entities. The firm counts Galaxy Digital, Jump Crypto, and Multicoin Capital among its investors and partners, strengthening its market reach.
Notably, this accumulation positions the company far ahead of other corporate holders, accounting for more than 45 percent of the six-entity total. Following closely, Sharps Technology has secured 2.14 million SOL, supported by investors such as ParaFi, Pantera, FalconX, and Phoenix Capital.
DeFi Development Corp also joins the list with 2.03 million SOL, with backing from GSR and Big Brain Holdings. These holdings underline increasing corporate involvement in Solana’s asset base, extending beyond retail-driven demand.
Expanding Reserves
Upexi, a firm with a $373 million market cap, controls 2 million SOL and partners with investors like Kraken and Arrington Capital. Mercurity Fintech holds 1.08 million SOL, working with Solana Ventures on ecosystem related initiatives.
Meanwhile, iSpecimen Inc, the smallest by market cap at $14 million, has added 1 million SOL to its reserves. Together, these entities have accumulated tokens across sectors ranging from medical technology to e-commerce and fintech.
In addition to these six, broader reserves tracked by Lookonchain show corporate holdings surpassing 17.1 million SOL, equal to about 2.98 percent of total supply. Of that, 7.4 million SOL is staked, generating an average yield of 7.96 percent. Public companies alone now control 8.9 million SOL, rising from 5.9 million just one month earlier.
Institutional Interest
On-chain activity appears to reflect these strategic positions. Metrics show that Solana’s total value locked has increased, alongside a 15 percent rise in daily active addresses last month.
Furthermore, trading data indicates Solana’s price has been outperforming other altcoins, diverging from Ethereum’s trend in recent weeks. According to Lookonchain, Galaxy Digital also holds 1.35 million SOL, contributing to institutional reserves.
Additional firms like SOL Strategies maintain approximately 1 million SOL, combining staking operations with validator services. Collectively, these concentrations have reduced circulating supply pressure, locking over 1 percent of total tokens within strategic reserves.
