Public companies are hopping on the Solana train, and they're not just buying a few tokens; they’re all in for the staking rewards. Three big names have recently revealed their Solana shopping sprees, and they’re staking their claims to some serious yield.
On Tuesday, Bit Mining, the Bitcoin mining firm, made its first-ever Solana buy, 27,191 SOL for a cool $4.5 million. They’re not stopping there. The company’s launched its own validator to earn yield by staking the tokens.
Meanwhile, Upexi, a supply chain management brand, spent the whole month of July loading up on Solana. At the end of June, it held 735,692 tokens, but now? They’ve jumped to over 2 million SOL. Big flex, right?
DeFi Development Corp. (formerly Janover) also got in on the action. They boosted their crypto holdings to over 1.2 million SOL, grabbing another 110,466 tokens.
July? Our most transformative month, hands down. 🚀
— DeFi Dev Corp. (DFDV) (@defidevcorp) August 4, 2025
We accelerated $SOL accumulation, raised fresh capital, & issued our first SPS guidance - all while Solana extended its dominance across EVERY major metric.
All that and more in our latest recap. 👇https://t.co/bwqfY9ZFBm
Long-Term Staking Plans & Big Moves
These companies aren’t just buying and holding, they’re planning to stake. DeFi Development confirmed that after their latest purchase, they’re staking their SOL with various validators. They’ve got long-term plans to earn rewards from Solana’s proof-of-stake system.
Upexi's CEO, Allan Marshall, couldn’t be more pumped about July. He called it a “game-changing month” after raising $200 million to buy more Solana and getting their holdings up to 2 million tokens. With most of their SOL staked, they’re earning an 8% yield, pocketing $65,000 a day. Not bad, eh?
In July, we raised over $200 million and grew our Solana holdings by over 172% to 2 million $SOL Here’s to another great month.
— Allan Marshall (@UpexiAllan) August 5, 2025
For more details:https://t.co/sG5hb2mKbE
Bit Mining is also looking to dive deeper into the Solana ecosystem. The company’s first self-operated validator is just the beginning of their plans. Bit Mining’s chairman Bo Yu said their shift into Solana shows their belief in its potential. And to back it up, they’re raising up to $300 million to build a Solana token treasury.
Staking Yield Drives the Purchase Frenzy
What’s behind all these purchases? You guessed it, staking yield. According to BitGo’s June 18 report, more and more companies are adding Solana to their treasuries specifically for the staking rewards. In a world where many companies are still buying Bitcoin, these firms are looking for ways to stand out and get in on the reward-generating action.
Upexi’s currently leading the Solana treasury race, with DeFi Development in second place and SOL Strategies, a Canadian public company focused on Solana infrastructure, sitting comfortably in third.
Looks like the staking reward game is heating up, and these companies are all fighting for a piece of the Solana pie.
Gunel Ismayilova
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