SOL treasury demand soared 20x in 2025 as more firms like iSpecimen seek to join the trend. Will it push SOL beyond $200?
Solana [SOL] treasury trend has attracted another interested player, as public companies race to diversify into top crypto assets.
On the 7th August, a bio-tech firm, iSpecimen, announced plans to build up a $200 million SOL treasury as part of its digital asset diversification strategy.
While the details of the plan and timeline were yet to be shared, the move signals increasing market interest in SOL by public firms.
In 2025 alone, demand for SOL from public companies jumped from 173K SOL to 3.44 million, marking 1,875% demand growth or 19.6x (about 20x).
Key public SOL treasury players — such as Upexi, DeFi Development Corporation, SOL Strategies, and Neptune Digital Assets — drove the demand.
Together, these firms now hold SOL assets valued at $647 million.
This new demand avenue for SOL could boost its value. For treasury firms, they can benefit from price appreciation and earn over 7% from staking yield and other DeFi strategies.
For Rob Lim, CEO of iSpecimen, the move was a bet on the future, adding that,
“By building a Solana-based treasury, we believe that we are aligning with the future of decentralized infrastructure and digital assets.”
That said, at the moment, Bitcoin [BTC] and Ethereum [ETH] have enjoyed a relatively higher demand from treasury firms, leaving SOL to play catch-up.
On top of that, there has been a market cool-off from July profit-taking, further dragging SOL’s recovery.
Notably, on average, profit-taking hit over $1 billion per day in mid-July, triggering a local price peak above $200.
Still, bulls were beginning to re-enter the market after locking profits. According to Binance’s top traders, the number of long positions rebounded from 68% on the 4th August to nearly 72% at press time.
If the recovery extends, SOL could clear the recent price peak and soar higher. The altcoin was valued at $176, at press time, and needed to clear $180 hurdle to push forward.
