SOL held at $83, while companies holding it as a reserve continue to buy.
Facts: $SOL is currently worth around $83. Its price has barely changed over the past 24 hours and is down 13.31% over the past seven days. During that time, Forward Industries’ $SOL holdings reached 8.7 million coins, and the company continued buying at around $75. Another company that holds Solana in its reserves earned $105 million in profit from staking in the third quarter and increased its holdings by 125,000 coins.
Market:
$SOL — around $83
Market capitalization — around $49.2 billion, 24-hour trading volume — $2.15 billion, down 71.63% from its all-time high
Explanation: these figures point to one thing: corporate treasuries are beginning to view $SOL as a yield-generating asset rather than a trading instrument.
Annual staking yields and buying at low prices give these companies a double advantage. When the price falls, they buy
Facts: $SOL is currently worth around $83. Its price has barely changed over the past 24 hours and is down 13.31% over the past seven days. During that time, Forward Industries’ $SOL holdings reached 8.7 million coins, and the company continued buying at around $75. Another company that holds Solana in its reserves earned $105 million in profit from staking in the third quarter and increased its holdings by 125,000 coins.
Market:
$SOL — around $83
Market capitalization — around $49.2 billion, 24-hour trading volume — $2.15 billion, down 71.63% from its all-time high
Explanation: these figures point to one thing: corporate treasuries are beginning to view $SOL as a yield-generating asset rather than a trading instrument.
Annual staking yields and buying at low prices give these companies a double advantage. When the price falls, they buy