A growing number of public companies are diving into Solana—not for speculation, but for staking income.
As the crypto landscape shifts, firms that once focused solely on Bitcoin are now exploring blockchain platforms that offer passive rewards and infrastructure opportunities.
From Bitcoin to SOL
Bit Mining, previously focused on Bitcoin mining, made headlines this week by purchasing $4.5 million worth of Solana and spinning up its own validator. The move signals a broader strategy shift aimed at earning staking rewards while contributing to the network’s decentralization.
Upexi, a company better known for supply chain management, has gone even further. After aggressively buying throughout July, its SOL holdings now exceed 2 million tokens. According to CEO Allan Marshall, the firm is earning an estimated $65,000 per day in staking rewards at an 8% yield—thanks to most of those tokens being staked.
Meanwhile, DeFi Development Corp., a company that recently rebranded from its real estate financing roots, has accumulated over 1.2 million SOL. It plans to distribute its stake across multiple validators for long-term network participation and earnings.
Chasing Yield and Differentiation
According to CoinGecko, more than 3.5 million SOL—worth around $590 million—is now held by the top four publicly traded Solana-heavy firms. This represents nearly 0.65% of the total circulating supply, reflecting an emerging trend among corporates to diversify away from Bitcoin and toward assets with staking incentives.
BitGo, a major crypto custody firm, noted in a recent analysis that companies are increasingly attracted to Solana’s yield potential. Beyond simple token exposure, staking offers a strategic financial tool and a way for firms to stand out in a crowded digital asset landscape.
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Source: https://coindoo.com/why-public-companies-are-quietly-turning-to-solana/