Solana -based treasury (Sun) emerge as a trend between companies quoted in the stock market, which generates competition for accumulating cryptocurrency.
Until the moments, 17 companies adopt sun in their portfolios. A new leader of this sector is Forward Industries, a company focused on design for medical and technological sectors. The company reported today, September 15, which acquired 6,822,000 sun to an average of $ 232 per unitfor a total of 1,580 million dollars.
This purchase positions Forward Industries in the first place, overcoming Sharps Technology, which with 2.14 million sun held first place, already defi Development, which with 2.02 million sun was in second place.
Before transaction, Companies added 11.7 million sun in total; After the announcement, the set reaches 18.5 million sun. Forward Industries obtained cryptocurrencies through open market purchases and chain transactions, which represents the initial deployment of its 1,650 million dollars in private investment financing in public capital (Pipe), led by Galaxy Digital, Jump Crypto and Multicoin Capital, as reported cryptootics.
On the other hand, Kyle Samani, president of Forward Industries, declared: «We are building the largest Solana Treasury company in the world, a strategy that will boost the Solana ecosystem and generate long -term value for our shareholders.»
Samani confirmed that the plan includes implementing the treasury funds in decentralized finance protocols (DEFI), since companies perceive Solana as a key asset to strengthen their exhibition in the defi market.
Companies seek to replicate Strategy’s success (previously Microstrategy) with Bitcoin (BTC). The company began acquiring BTC in August 2020, as a main treasury reserve in the face of inflation and depreciation of the dollar. Since then, it has become the largest corporate holder of the asset, with 638.985 BTC. This strategy has promoted the value of the company, attracting institutional investors and establishing a model for other firms that see in the cryptoactives an alternative greater than the bonds or traditional cash.
Finally, Anthony Yim, co -founder of Artemis, stands out Two reasons why Solana treasury is important unlike BTC: The performance of your holdings, for example, by participating in protocols defined or by making a sun, allows companies with treasury in Solana to pay dividends, but it is not an obligation, which offers greater flexibility than the bonds, particularly in market falls; In addition, fixed income investors, a much higher capital source, can buy preferential variable rental products to finance cryptocurrency acquisition.