Public companies are scooping up Solana to get a slice of the blockchain’s staking rewards, with three firms recently sharing they’ve purchased more of the token.
Bitcoin mining firm Bit Mining data-ct-non-breakable=”null” href=”https://www.prnewswire.com/news-releases/bit-mining-advances-solana-strategy-with-27-191-sol-purchase-and-validator-launch-302521805.html” rel=”noopener nofollow” target=”_blank” title=”null”>said on Tuesday that it made its first Solana (SOL) buy, purchasing 27,191 SOL worth $4.5 million, and launched a validator to earn yield by staking the tokens.
Meanwhile on Tuesday, Upexi, a brand owner specializing in supply chain management, data-ct-non-breakable=”null” href=”https://www.globenewswire.com/news-release/2025/08/05/3127305/0/en/Upexi-Surpasses-2-Million-SOL-in-its-Treasury.html” rel=”noopener nofollow” target=”_blank” title=”null”>said it spent most of July buying data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/what-is-solana-and-how-does-it-work” title=”null”>Solana and increasing its holdings from 735,692 tokens at the end of June to over…
