温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/vi/51244.html
点击访问原文链接

Why are companies stockpiling SOL? | Bee Network

进入原网站 导航首页
Why are companies stockpiling SOL? | Bee Network Login Tin tức thịnh hành Nền tảng khởi chạy meme Các tác nhân trí tuệ nhân tạo (AI) DeSci TopChainExplorer Dành cho Newbee Tiền xu 100 lần Trò chơi Ong Trang web cần thiết ỨNG DỤNG Phải Có Người nổi tiếng về tiền điện tử DePIN Tân binh cần thiết Máy dò bẫy Công cụ cơ bản Trang web nâng cao Trao đổi Công cụ NFT CHÀO, Đăng xuất Vũ trụ Web3 Trò chơi Ứng dụng phi tập trung (DApp) Tổ ong Nền tảng phát triển QUẢNG CÁO Tìm kiếm Tiếng Anh Nạp xu Đăng nhập Tải xuống Đại học Web3 Trò chơi Ứng dụng phi tập trung (DApp) Tổ ong QUẢNG CÁO trang chủ•Phân tích•Văn bản chính Why are companies stockpiling SOL?Phân tích9 tháng trước更新Wyatt 29.017 38 Bài viết gốc của: Mã thông báo Dispatch, Prathik Desai

Bản dịch gốc: Khối kỳ lân

Lời nói đầu The Solana Treasury movement has gone from a trickle to a torrent.

About four months ago, we reported on Sol Strategies’ efforts to build a Solana money management company. Now, the competition has gotten even more intense and, well, memey.

In the record of “unexpected things”, the case of a public company partnering with a memecoin to operate blockchain infrastructure is quite eye-catching. However, less than two weeks ago, another Solana fund management company, DeFi Development Corp (DFDV), partnered with Solana memecoin Bonk.

They are not kidding.

A few days ago, DFDV announced that it would distribute part of its SOL holdings into Liquid Staking Tokens (LST), which can be used in DeFi applications or for transfers while earning yield and staking rewards.

Corporate treasury management has become completely mật mã-native. From companies buying Bitcoin, to operating validator nodes, working with memecoins, to now companies pioneering liquid staking strategies.

In this article, we’ll dive into the implications of holding Solana at a time when most other companies (including those with ties to U.S. President Donald Trump) are rushing into Bitcoin.

upsurge DeFi Development Corporation (a real estate company that changed its name to Janover in April 2025) made its largest Solana purchase on May 12, adding 172,670 SOL to its treasury. This brought its total holdings to 609,233 SOL , worth more than $100 million .

This accounts for one-third of the companys total market value.

The stock market responded enthusiastically.

Since the name change, DFDV’s stock has surged 30-fold in the past two months, largely due to its shift in focus to investing in Solana.

Image credit: @TradingView

Not to be outdone, Canadian company Sol Strategies has filed a preliminary prospectus with local securities regulators to raise up to $1 billion to further invest in the Solana ecosystem.

New participants are constantly joining.

Classover Holdings, a Nasdaq-listed education technology company, has planned a Solana-centric strategy and has received $400 million in financing; while DIGITALX has increased its holdings of SOL to accelerate staking returns.

Why so much enthusiasm? There are many reasons.

Does the SOL Treasury really make sense? Revenue Game Solana Treasurys differ from Bitcoin strategies in that they actually generate income.

DIGITALX highlights its annual staking yield of 7-9% , which is expected to generate an additional $800,000 in revenue per year. Compare this to Bitcoin’s 0% yield, and you start to see its appeal.

These companies are not content with simple staking. They are working hard to build infrastructure. DeFi Development’s liquidity staking initiative represents the next stage of evolution: maintaining liquidity while earning yield, really having the best of both worlds.

With this move, the company becomes the first publicly traded company to hold Solana’s liquidity staking tokens.

The partnership with BONK? This will allow both parties to jointly increase delegated stake, the amount of Solana tokens committed to their validator nodes, and share rewards in the process. It’s a combination of community engagement and treasury management.

“DFDV and BONK are each leaders in their respective fields. By working together, we can benefit from each other’s unique positioning and brand recognition,” Parker White, CIO and COO of DeFi Development, told Decrypt.

Validators and governance roles These companies are not just buying and holding SOLs—they are becoming providers of infrastructure.

On May 5, DeFi Development Corp announced a bất chấpnitive agreement to acquire the Solana validator business , which has an average delegated stake of approximately 500,000 SOL ($75.5 million).

This creates a flywheel effect for the company: earnings are reinvested to accumulate more SOL, further expanding the validator capacity. This is in stark contrast to Michael Saylors Strategy.

By operating a validator node, companies can:

Impact on network governance

Build a relationship with the project

May incubate or invest in startups based on Solana

Creating additional sources of income in addition to treasury appreciation

A story of speed and scale Solana processes transactions faster and at far lower fees than competing blockchains like Ethereum. This opens up possibilities unmatched by Bitcoin for companies that are looking beyond just monetary value.

Unlike Bitcoin, which is primarily used to transfer value across networks, Solana can support decentralized financial applications as well as consumer applications, games, and more.

Different ways to play Each company plays this game differently:

DeFi Development Corp is a radical innovator.

In addition to amassing 609,233 SOL, they are also pioneering liquidity staking and memecoin partnerships. Joseph Onorati, CEO of DeFi Development Corp, told Decrypt: “Solana’s purchase volume exceeding $100 million is a major milestone — but it’s just the beginning.”

SOL Strategies adopts an institutional strategy, focusing on becoming a top staking platform with a mature fund management strategy. Their $1 billion prospectus shows that their ambitions go far beyond simple accumulation.

DIGITALX has demonstrated a yield optimization strategy, carefully calculating staking returns and emphasizing its earnings potential to shareholders. They view SOL as a dividend stock.

Risk Profile However, things are not that simple. Lets analyze it calmly and realistically.

First, the macro trap: These strategies thrive on cheap capital. Most SOL buyers raise money through convertible bonds or equity financing vehicles. When liquidity dries up—and it always does eventually—it’s all over.

Second, the regulatory time bomb: Marco Santori said the company’s SOL money management strategy enables it to operate in ways that a “simple, passive” fund can’t. That’s fine until the regulator decides your “money management” looks like an unregistered investment fund.

Third, yield compression is coming. As more and more validators join, the attractive 7-9% yield will shrink. This is common economics: an increase in the supply of validators means a decrease in the reward for each validator.

The infrastructure burden is real, too. Running a validator node is not passive income — it’s an operational business with technical overhead, upgrade requirements, and risk of slashing. Miss the update window? That’s money gone.

Dan Kang said on the Lightspeed podcast that DeFi Development Corp is trading with 700% volatility . This makes Bitcoin look like a stablecoin. Given Solanas history of network failures, you are betting on both price and reliability.

The Maximum Extractable Value (MEV) game will ultimately favor the largest players, just like on Ethereum.

Plus, there’s competition. As of May 21, the SEC has not approved any Solana spot ETFs, but once they do, these money managers will lose their unique selling advantage. Why buy DFDV when you can buy a Solana ETF? But the same goes for Strategy betting on Bitcoin, right?

Our View The ongoing Solana fund management phenomenon shows that it has moved beyond the passive balance sheet allocations of the past. They have transformed into active infrastructure investments that can generate real returns.

Its innovation lies in packaging complex DeFi operations into a familiar corporate structure.

But let’s be clear: this is a high-wire act. These companies are simultaneously betting on Solana’s price, network stability, validator economics, and their own operational excellence. When it works, it’s great — multiple revenue streams from a single asset. When it doesn’t, you’re left to explain to your shareholders why your treasury needs a DevOps team.

Those who can efficiently scale validator operations while managing the impending yield compression will benefit the most from this game, while those who expect today’s high yields to continue tomorrow and beyond are making a miscalculated mistake.

When comparing Bitcoin’s 50% annual yield to Solana’s near-zero yield over the past 12 months, it’s a reminder that yield isn’t everything. But for companies willing to accept operational complexity for extra returns, the Solana treasury offers something Bitcoin will never be able to: cash flow from day one.

This is Treasury 2.0 — a strategy that allows your balance sheet to run code, earn yield, and occasionally partner with dog-themed cryptocurrencies.

Liên kết gốc

This article is sourced from the internet: Why are companies stockpiling SOL?

Related: SEC accuses Unicoin of hundreds of millions of dollars in fraud, is strong regulation making a comeback? On May 21, 2025, the SEC once again thrust crypto regulation into the spotlight. Unicoin was accused of raising more than $100 million through false statements, claiming that its tokens were backed by billions of dollars in assets, when the actual value was far less than expected. Over the past decade, the SECs regulation of the crypto industry has gone through ups and downs, from cracking down on fraudulent ICOs to comprehensive enforcement against large exchanges. After the new pro-crypto chairman took office, regulation was significantly relaxed, and many old cases were withdrawn. Now that the lawsuit has been revived, will strong regulation make a comeback? SEC’s “Regulatory Storm” Since the SEC first took enforcement action against cryptocurrencies in 2013, the crypto industry has been a regulatory gray area. The…

Phân tích ## bitcoinTiền mã hóa ## định nghĩa# ethereumThị trường #Khởi nghiệp #Mã thông báo #© 版权声明Mảng 上一 hình ảnh A complete guide to the three giants of mouth-sucking Kaito, Cookie, and Galxe 下一 hình ảnh Founder of the first stablecoin: How I went all in on stablecoins 7 years ago 相关文章 NóngWhat changes will the Prague upgrade bring to Ethereum? 6086cf14eb90bc67ca4fc62b 35.250 4 What to watch next week | The U.S. House of Representatives will review three major encryption bills; June CPI data will 6086cf14eb90bc67ca4fc62b 25.228 3 A long article reveals the BTCFi TVL scam, and Nubits Proof of TVL report is explained in detail 6086cf14eb90bc67ca4fc62b 39.503 1 Carry trade enters its final chapter: Abnormal fluctuations in Japanese interest rates trigger global rebalancing. 6086cf14eb90bc67ca4fc62b 19.784 2 The bottom rebounded more than 4 times, what changes did Pump.fun make? 6086cf14eb90bc67ca4fc62b 21.000 Weekly Funding Update | 7 Projects Received Funding, Total Funding Reaching $81.4 Million (September 29-October 5)Recomm 6086cf14eb90bc67ca4fc62b 30.598 Miễn bình luận Bạn phải đăng nhập để co thể để lại một lơi nhận xét! Đăng nhập ngay lập tức Miễn bình luận... Bee.com Cổng thông tin Web3 lớn nhất thế giới Đối tác đồng xuCá chép Binance CoinMarketCap CoinGecko Coinlive Giáp Tải xuống Bee Network APP và bắt đầu hành trình web3 Giấy trắng Vai trò Câu hỏi thường gặp © 2021–2026. Tất cả quyền được bảo lưu. Chính sách bảo mật | Điều khoản dịch vụ Tải xuống ứng dụng Bee Network và bắt đầu hành trình web3 Cổng thông tin Web3 lớn nhất thế giới Đối tác CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors Giấy trắng Vai trò Câu hỏi thường gặp © 2021–2026. Tất cả quyền được bảo lưu. Chính sách bảo mật | Điều khoản dịch vụ Tìm kiếm Tìm kiếmTrong trang webOnChainXã hộiTin tức 热门推荐: Thợ săn airdrop Phân tích dữ liệu Người nổi tiếng về tiền điện tử Máy dò bẫy Tiếng Việt English 繁體中文 简体中文 日本語 العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский Tiếng Việt

智能索引记录