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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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iSpecimen announces plans to build a SOL treasury worth 200 million dollars.
The trend of accumulating Solana (SOL) has attracted a new "player" as listing companies compete to diversify into top cryptoassets.
On August 7, the biotechnology company iSpecimen announced plans to build a SOL reserve worth 200 million USD as part of its strategy to diversify its cryptoassets. Although details and a timeline have not been disclosed, this move demonstrates the growing interest of businesses in SOL.
In 2025, the demand for SOL from listed companies skyrocketed from 173,000 SOL to 3.44 million SOL, equivalent to an increase of 1,875%, almost 20 times (. Major names like Upexi, DeFi Development Corporation, SOL Strategies, and Neptune Digital Assets currently hold a total value of SOL of approximately 647 million USD.
This trend could drive the price of SOL, while also providing profits from price appreciation and over 7% staking yield for businesses. However, SOL still lags behind Bitcoin and Ethereum in demand, amid a cooling market since mid-July. Currently, SOL is at 176 USD and needs to break above 180 USD to continue its breakout.