Upexi Treasury, the largest treasury company managing Solana's assets, has established a new advisory committee to guide its strategic direction and expand its $SOL treasury. Arthur Hayes, a prominent figure in the cryptocurrency space, has been appointed as the first member of this committee. Upexi Treasury oversees a substantial reserve of Solana tokens valued at over $400 million. Meanwhile, the broader Solana ecosystem shows growing institutional interest, with eight public companies collectively holding approximately 5.904 million SOL tokens, worth around $1.15 billion, representing 1.03% of the total Solana supply. Among these entities, DeFiDevCorp, another Solana treasury company, recently acquired an additional 110,000 SOL tokens for about $22 million at an average price of $201.68 per token, increasing its total holdings to 1.42 million SOL, valued at approximately $273 million. Many of these holdings are staked to generate yield, reflecting an active institutional engagement in Solana's token economy.
DFDV spotted! The SOL TreasuryCo has added another 110,000 SOL for ~$22M and now holds 1.42M SOL https://t.co/xYBh4TcXmU
🚨JUST IN: @SOLANA TREASURY COMPANY @DEFIDEVCORP, BUYS AN ADDITIONAL 110,000 $SOL, BRINGING ITS TOTAL HOLDINGS TO 1.42M $SOL WORTH ABOUT $273M
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