The number of companies adopting Solana as a financial management platform is growing rapidly. These companies are attracted by the cryptocurrency's staking capabilities and widespread utility. A report from Cantor Fitzgerald predicts that Solana will surpass Ethereum and Bitcoin as the preferred asset for corporate financial management.

Solana Treasuries to Outperform Bitcoin and Ethereum

Analysts at global financial services firm Cantor Fitzgerald predict that Solana will become a favored corporate financial asset. The report states that companies holding Solana on their balance sheets will gain a number of benefits.

Analysts at Cantor Fitzgerald have pointed out from the outset that companies holding Solana Treasuries can emulate Michael Saylor's financing strategy. In addition, these public companies offer investors the opportunity to invest in SOL, which brings a number of advantages.

Companies holding SOL can stake their tokens to earn capital without diluting their equity. In contrast, MicroStrategy, now renamed Strategy, cannot stake its large Bitcoin holdings and instead issues preferred shares (such as STRD) to fund further purchases.

The report also highlights Solana’s expanding utility in the tokenization space, which has expanded far beyond meme coins over the past year. Moody’s has used Solana for credit rating tokenization, while Kraken is eyeing tokenized shares on the blockchain as Ethereum metrics stagnate.

A wave of companies turning to SOL

A growing number of companies are launching Solana Treasuries, thanks to the advantages outlined by Cantor Fitzgerald. Hong Kong-based MemeStrategy recently launched a Solana Treasuries purchase of 2,440 SOLs, sparking a 28% increase in its stock price.

In another development worth noting, DeFi Development Corp. secured a $5 billion equity line to fund its aggressive SOL accumulation. According to Cantor Fitzgerald, the company is well-positioned to benefit from its SOL treasury reserves thanks to its access to U.S. capital markets.

The report also states that Upexi Inc. and Sol Strategies Inc. are profiting from their SOL accumulation strategies. DeFi Development's shares are up 20% over the past day, while Sol Strategies' are up 8.3%.

Conversely, SharpLink Gaming's shares plunged more than 70% hours after the announcement after it became the largest public holder of Ethereum. However, analysts believe the drop in the stock price was due to investors misunderstanding the SEC filing rather than the company's move to hold Ethereum as inventory. The stock price has since recovered.

June 2025