iSpecimen joins Solana treasury boom with $200M investment – Details
Main Idea
iSpecimen plans a $200M Solana (SOL) treasury investment, contributing to a 20x growth in SOL demand from public companies in 2025, with total holdings now valued at $647 million.
Key Points
1. iSpecimen, a bio-tech firm, announced plans to build a $200 million SOL treasury as part of public firms diversifying into crypto assets.
2. SOL demand from public companies surged from 173K SOL to 3.44 million SOL in 2025, marking a 1,875% (20x) growth.
3. Key public SOL treasury players include Upexi, DeFi Development Corporation, SOL Strategies, and Neptune Digital Assets, collectively holding $647 million in SOL assets.
4. Despite the surge, Bitcoin (BTC) and Ethereum (ETH) still enjoy higher demand from treasury firms compared to SOL.
5. SOL's price was $176 at press time, needing to clear the $180 hurdle to push forward, with market recovery potentially driving it beyond $200.
Description
Treasury firms held $647 million worth of SOL, marking a 20x growth in 2025.
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