Key Takeaways
- Solana Company increased its holdings by 1M SOL to over 2.3M as of October 29.
- The firm’s staking operations achieved a 7.03% APY, exceeding top validator benchmarks.
Solana Company, a publicly traded firm focused on expanding its digital asset treasury, now holds over 2.3 million SOL as of October 29—an increase of roughly 1 million since its previous update on October 6.
The company recently partnered with leading validators to stake its holdings, achieving a 7.03% average gross staking yield in October, outperforming top Solana validators by 36 basis points.
Major payment firms have begun issuing stablecoins directly on Solana, underscoring growing institutional adoption driven by the network’s scalability and low transaction costs. Institutional capital continues to flow into Solana-based assets, signaling a broader shift toward active on-chain participation.
Source: https://cryptobriefing.com/solana-company-updates-holdings-100k-sol-purchase/
