Japanese game company WIZE, formerly Mobcast Holdings, says its cumulative SOL purchases reached 500 million yen as of April 10, 2026, equal to about $3.13 million, with holdings of more than 24,597 SOL at an average purchase price of roughly 20,327 yen per SOL. The company also said this places it 15th globally on CoinGecko’s Solana treasury rankings.
#Write2Earn What makes this interesting is that WIZE is not treating SOL like a passive balance-sheet asset. Over the last six months, it says it earned more than 400 SOL in staking rewards, and its WIZE Validator Node has joined the Solana Foundation Delegation Program, while also receiving delegations from projects such as DoubleZero. Including those outside delegations, WIZE says the total size connected to its treasury strategy is now about 152,000 SOL.
#TrendingTopic That changes the story quite a bit. This is not just a company buying tokens and waiting for price appreciation. It is trying to build a full yield-plus-infrastructure model around Solana. In practice, that means three things: hold SOL, earn staking income, and use validator participation to deepen its role inside the ecosystem. That kind of approach fits a broader trend CoinGecko has described around corporate Solana treasuries, where some companies are moving beyond simple token ownership into validator operations and staking-based treasury strategies.
$KNC The bigger signal here is strategic ambition. WIZE has openly said it wants to expand its holdings enough to enter the global top 10 as soon as possible. That tells you this is not a side experiment. It looks more like an attempt to reposition the company around crypto-aligned treasury growth, especially at a time when public-company SOL strategies are becoming more visible and more competitive. CoinGecko currently tracks 19 entities with Solana treasury exposure, showing that this category is still relatively small but already meaningful in scale.
From a market perspective, this matters because treasury narratives are evolving. Bitcoin treasury strategies were mostly about reserve storage and macro signaling. Solana treasury strategies can look more operational because staking and validator activity create a live income layer on top of the asset. That makes them more dynamic, but also more exposed to token volatility, execution quality, and ecosystem-specific risk. CoinGecko’s recent analysis on Solana treasury companies makes exactly that point: these strategies can unlock yield and network participation, but they also carry higher volatility and operational complexity than a passive crypto reserve model.
For WIZE specifically, the message is clear: the company is trying to turn SOL into both a treasury asset and a business lever. That is a more aggressive play than simply buying crypto for exposure. It suggests management sees value not only in Solana’s price upside, but in becoming part of the network’s economic machinery itself.
$SUI WIZE’s move is really a bet on a new corporate crypto model: not just holding the asset, but plugging into the chain, earning from it, and climbing the treasury rankings as part of the company narrative. In that sense, this is less about one Japanese gaming firm buying SOL, and more about how Solana is becoming a balance-sheet strategy with infrastructure attached.