September 12, 2025 – Solana’s corporate treasury momentum continues to accelerate, with combined holdings now reaching 6.49 million SOL, according to the latest disclosures. The growth highlights rising institutional conviction in Solana’s ecosystem as firms seek both long-term appreciation and staking income.
BIT Mining Expands Solana Position
BIT Mining Limited—soon to rebrand as SOLAI Limited—announced the purchase of 17,221 SOL, lifting its total treasury above 44,000 SOL worth roughly $9.95 million.
Chairman and COO Bo Yu said the company views validator operations and staking rewards as essential to its long-term strategy, while confirming plans to move away from legacy Bitcoin, Litecoin, Dogecoin, and Ethereum Classic mining.
BIT Mining also launched DOLAI, a Solana-based stablecoin created with Brale Inc., aimed at bridging AI applications, consumer payments, and institutional finance.
Upexi Becomes a Major Solana Holder
Upexi Inc., which pivoted earlier this year to a Solana-focused treasury model, has accumulated 2,018,419 SOL valued at $447 million. The strategy has generated $142 million in unrealized gains, with most of its tokens staked to capture around 8% annual yield.
That translates into $105,000 in daily staking rewards. Upexi also introduced an “adjusted SOL per share” metric to measure treasury growth, which stood at 0.0197 SOL ($4.37) as of September 10—up 56% in SOL terms and 126% in dollar terms since the program launched.
CEO Allan Marshall described recent weeks as “extremely strong,” while CSO Brian Rudick credited disciplined execution, including three successful capital issuances. Upexi has also formed an advisory board with Arthur Hayes, former BitMEX CEO, joining as its first member.
