Fresh data from the Strategic SOL Reserve platform reveals that 13 companies and institutions collectively hold 8.27 million Solana (SOL), an amount valued at roughly $1.72 billion.
This represents around 1.44% of the token’s total circulating supply, with more than half a million SOL already committed to staking.
Among the largest holders are a handful of firms that dominate the list. Sharps Technology leads with 2.14 million SOL, worth about $444.6 million, followed closely by Upexi with 2 million SOL, valued at $415.5 million.
Other notable holders include DeFi Development Corp with 1.42 million SOL (plus an additional 158,886 SOL staked), Mercurity Fintech with 1.08 million SOL, and iSpecimen Inc. with 1 million SOL.
Together, these five firms account for the overwhelming majority of the top 13 institutional positions, controlling over $1.6 billion worth of the asset.
Out of the total holdings, around 585,000 SOL — valued at approximately $104 million — has been staked. The average annual return from staking sits at 6.86%, offering institutions both yield and exposure to the network’s growth.
At the time of writing, Solana was trading at $207.75, marking a 2.3% increase in the last 24 hours. The data underscores how institutional participation continues to grow, cementing Solana’s position as one of the most closely watched blockchains in the market.
