Institutions Hold $1.72 Billion In Solana, Strategic Reserve Data Reveals

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significant institutional interest in the cryptocurrency.Among these holdings, 585,059 SOL, valued at $104.1 million, have been staked, yielding an average return of 6.86%.The reserve's dashboard details the breakdown of these holdings, with top entities including Sharps Technology Inc. (NASDAQ:STSS), holding 3.4 million SOL, and Upexi Inc. (NASDAQ:UPXI), with 2 million SOL.Other notable participants include DeFi Development Corp (NASDAQ:DFDV) with 1.42 million SOL and Mercurity Fintech Holding (NASDAQ:MFH) with 1.083 million SOL.These figures reflect a combined staking reserve that has grown steadily, reaching 8.3 million SOL as of Aug. 27.Staked SOL has shown a consistent upward trend over the past week, with holdings increasing from 7.7 million SOL on August 20 to 8.3 million SOL by Aug. 27.This growth underscores the active management of these reserves, with 13 entities contributing to a combined staking pool that represents 0.102% of the total supply.The data, updated in real-time, provides a comprehensive view of institutional SOL allocations.Also Read: Stablecoins Could Grow To $34 Trillion Market, Arthur Hayes SaysIndividual entity performances vary, with Upexi Inc. reporting a 15.3% increase in USD value to $416.3 million, while DeFi Development Corp saw a 5.2% rise to $295.6 million.Sharps Technology Inc. maintains a stable valuation of $445.4 million with no change in the last 30 days.These figures are based on live data from the Strategic SOL Reserve's platform.The reserve's tracking includes detailed metrics such as market cap, stock price, Solana traditional market cap (MNAV), and the percentage of supply held by each entity.For instance, Sharps Technology holds 0.0224% of the total supply, while Upexi Inc. accounts for 0.366868%.Staking activities have contributed to a combined reserve value of $104.1 million, with a yield of 6.86%, indicating a strategic approach to generating returns.The entities involved range from healthcare and investment firms to biotechnology and public companies, showcasing diverse sectoral interest in Solana.The Strategic SOL Reserve's platform also provides a gallery and analytics section, allowing users to explore holdings and trends.This aggregation of institutional SOL holdings marks a significant development in Solana's adoption, with the reserve serving as a key resource for tracking these investments.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,511.25 -6.25 (-0.10%)Dow Futures45,638.00 -68.00 (-0.15%)Nasdaq Futures23,726.00 -43.00 (-0.18%)Russell 2000 Futures2,382.40 +0.20 (+0.01%)VIX14.43 -0.42 (-2.83%)Gold3,471.00 -3.30 (-0.09%)PortfolioSign in to access your portfolioSign inTop gainersPSTG Pure Storage, Inc. 80.54 +19.68 (+32.34%)SNOW Snowflake Inc. 241.00 +40.61 (+20.27%)BILL BILL Holdings, Inc. 49.20 +7.57 (+18.18%)TCOM Trip.com Group Limited 75.03 +9.74 (+14.92%)TIGR UP Fintech Holding Limited 12.81 +1.24 (+10.72%)Top losersARX Accelerant Holdings 21.57 -7.72 (-26.36%)TLX Telix Pharmaceuticals Limited 10.15 -1.95 (-16.12%)HMY Harmony Gold Mining Company Limited 12.61 -2.06 (-14.04%)HRL Hormel Foods Corporation 25.22 -3.80 (-13.09%)COO The Cooper Companies, Inc. 64.58 -9.52 (-12.85%)Most activeWBA Walgreens Boots Alliance, Inc. 11.98 0.00 (0.00%)NVDA NVIDIA Corporation 180.17 -1.43 (-0.79%)OPEN Opendoor Technologies Inc. 4.2700 +0.2500 (+6.22%)LCID Lucid Group, Inc. 2.0700 -0.0100 (-0.48%)RGTI Rigetti Computing, Inc. 16.58 +1.19 (+7.73%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersMRVL Marvell Technology, Inc. 77.23 +2.44 (+3.26%)AFRM Affirm Holdings, Inc. 79.99 +2.40 (+3.09%)DELL Dell Technologies Inc. 134.05 +1.55 (+1.17%)IREN IREN Limited 23.04 +0.69 (+3.06%)ULTA Ulta Beauty, Inc. 530.63 -3.18 (-0.60%)Top economic events