Public companies are poaching Solana to earn points rewards on blockchain, and recently three companies have shared that they have purchased more tokens.
Bitcoin mining company mining explain Tuesday, it made the first solana (sol) Buy, buy 27,191 SOLs worth $4.5 million and launch a validator to earn yield by storing tokens.
Meanwhile, on Tuesday, Upexi, a brand owner specializing in supply chain management, explain It took most of July to buy Solana And increased its holdings from 735,692 tokens at the end of June to 2 million units.
Monday, Defi Development Corp explain It held its cryptocurrency to over 1.2 million Sol and purchased 110,466 tokens.
Co Ringecko explain On Tuesday, the focus of recent purchases was “growing trends exposed in public companies”, with Solana holdings with more than 3.5 million tokens of more than $591.1 million, accounting for nearly 0.65% of the company’s revolving supply.
Long-term grazing plan
Defi Development Corp said that after the latest purchase, it will use its SOL HOUTHINGS with various validators, and those who lock Sol Sol tokens to verify transactions on the blockchain will receive more SOL as a reward.
The company was formerly known as Janover, Mainly real estate financing companies It uses an AI-powered online platform to connect lenders and commercial property buyers.
company Made It first purchased 2,858 tokens on April 8 After being acquired by former executives Kraken from crypto exchange.
Meanwhile, UPEXI CEO Allan Marshall said the company’s July was a “game-changing month” after raising more than $200 million in SOL purchases and increasing its stake to more than 2 million tokens.
The company also puts most of its Sol in, which Marshall said is 8% yield and earns $65,000 a day.
Mining to expand into the Solana ecosystem
Bo Yu, chairman and chief operating officer of BIT Mining, said the company’s first self-operation validator marks a broader effort to build presence throughout the human race. Solana Ecosystem.
Yu added: “It demonstrates our belief in the potential of Solana and our commitment to building meaningful infrastructure to support its growth, security and decentralization.”
Bit Mining announced on July 10 that it is undergoing a strategic shift to the Solana ecosystem through plans Raise up to $300 million to build Solana tokens Ministry of Finance.
The main catalyst for static yield is used for purchase
In a June 18 report, crypto company Bitgo Speculation More and more companies add Solana to their treasury Let go of the reward And in Other companies adopted flooding Bitcoin (BTC).
Related: Solana Block’s capacity has increased by 20%, with a proposal to make it higher
“Bitcoin is integrated into the company’s balance sheet, challenging traditional treasury ideas and transitioning to digital assets to legal institutional asset classes,” Bitgo said.
“Companies that adopt Solana to receive rewards to generate digital assets are strategically aligned with emerging blockchain infrastructure and differentiated in the market.”
According to Coingecko, UPEXI currently leads the Solana financial competition, Defi Development Corp is second, and Sol strategyThis is a Canadian publicly traded company dedicated to Solana infrastructure, ranking in the top three.
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