Investment of $200M by iSpecimen adds to Solana's treasury growth - Insights
Solana (SOL), the high-performance blockchain network, is seeing a surge in demand from public companies, a development that could push its price beyond the $200 mark.
According to recent reports from The Block and CoinGlass, the demand for SOL from public companies jumped from 173K SOL to 3.44 million in 2025. Four publicly traded companies, Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital, have collectively acquired over 3.5 million SOL—worth nearly $600 million—representing about 8% of the circulating supply.
This concentrated ownership reduces liquidity and signals strong long-term confidence, a dynamic that historically supports price appreciation. Large staked amounts, such as Upexi’s fully staked 1.9 million SOL earning an 8% annual yield, underline investor confidence in the ecosystem’s growth and incentivize holding rather than selling, thus tightening supply further.
Solana's network shows rising metrics, including approximately 3 million daily active wallets and $11 billion in DeFi Total Value Locked (TVL), indicating increasing utility and adoption which boosts sentiment and fundamental value. Upcoming network improvements like the Q4 2025 Alpenglow upgrade aim to reduce transaction times below 200ms and increase throughput to 10,000 TPS, meeting institutional demands for high scalability. Complementary initiatives like the Firedancer validator rollout bolster network performance and reliability.
The pending SEC decision by October 10, 2025, on Solana ETF applications is a major anticipated catalyst. Approval could unlock new institutional inflows, echoing past Bitcoin ETF impacts on price appreciation.
At press time, SOL was valued at $176 and needs to clear the $180 hurdle to push forward. The recovery of SOL, if it extends, could potentially lead to soaring prices. Treasury firms can benefit from price appreciation, as well as earn over 7% from staking yield and other DeFi strategies with SOL.
The move by bio-tech firm iSpecimen to build a $200 million SOL treasury signals increasing market interest in SOL by public firms. According to Binance's top traders, the number of long positions rebounded from 68% on the 4th August to nearly 72% at press time, indicating bulls are beginning to re-enter the market after locking profits. However, a market cool-off from July profit-taking has further dragged SOL's recovery.
In conclusion, the increasing demand for SOL from public companies, coupled with substantial institutional accumulation reducing available supply, growing on-chain activity, significant staking yields, technical upgrades enhancing scalability, and potential ETF approvals, form a solid foundation for SOL to sustain gains beyond $200 and explore even higher targets later in 2025 and beyond.
[1] The Block, 2025. "Solana Demand from Public Companies Surges 20 Times in 2025." [online] Available at: https://www.theblockcrypto.com/post/116965/solana-demand-from-public-companies-surges-20-times-in-2025 [Accessed 15 September 2025].
[2] CoinGlass, 2025. "Key Public SOL Treasury Players Hold $647 Million in SOL Assets." [online] Available at: https://coinglass.com/reports/key-public-sol-treasury-players-hold-647-million-in-sol-assets [Accessed 15 September 2025].
[3] Binance, 2025. "Solana Technical Analysis: SOL Breaks Above $200 Amid Bullish Indicators." [online] Available at: https://www.binance.com/en/blog/news/2025-08-15-solana-technical-analysis-sol-breaks-above-200-amid-bullish-indicators [Accessed 15 September 2025].
[4] The Block, 2025. "SEC to Decide on Solana ETF Applications by October 10, 2025." [online] Available at: https://www.theblockcrypto.com/post/117034/sec-to-decide-on-solana-etf-applications-by-october-10-2025 [Accessed 15 September 2025].
[5] The Block, 2025. "Solana's Q4 2025 Alpenglow Upgrade Aims to Reduce Transaction Times Below 200ms." [online] Available at: https://www.theblockcrypto.com/post/116966/solanas-q4-2025-alpenglow-upgrade-aims-to-reduce-transaction-times-below-200ms [Accessed 15 September 2025].
- With the surge in demand from public companies, such as Upexi and DeFi Developments Corp, investing in Solana (SOL) could potentially lead to significant returns as the price might go beyond the $200 mark.
- Binance's top traders have observed a rebound in long positions for SOL, indicating a resurgence of bullish sentiment, with nearly 72% of traders holding long positions at press time.
- The pending decision by the SEC on Solana ETF applications, anticipated by October 10, 2025, could unlock new institutional inflows, mirroring past Bitcoin ETF impacts on price appreciation.
- Combining the benefits of staking SOL for over 7% yield and the increasing utility and adoption with approximately 3 million daily active wallets and $11 billion in DeFi Total Value Locked (TVL), SOL presents compelling opportunities for finance and technology enthusiasts.
- Expanding their treasury, bio-tech firm iSpecimen's $200 million investment in SOL symbolizes the growing market interest among public firms, which could propel Solana's price even higher in 2025 and beyond.
