Public Companies Increasing Solana Holdings Amid Growing Interest in Staking Rewards
Main Idea
Public companies are increasing their Solana holdings to capitalize on staking rewards, with notable investments from Bit Mining, Upexi, and DeFi Development Corp.
Key Points
1. Bit Mining purchased 27,191 SOL worth $4.5 million to stake and earn yield.
2. Upexi increased its holdings from 735,692 to over 2 million SOL in July, earning an 8% yield and approximately $65,000 daily in revenue.
3. DeFi Development Corp now holds over 1.2 million SOL after acquiring 110,466 tokens.
4. The top four Solana-holding companies control over 3.5 million tokens worth more than $591.1 million, representing nearly 0.65% of SOL’s circulating supply.
5. Bit Mining announced plans to raise up to $300 million to expand its presence in the Solana ecosystem.
Description
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