Two publicly traded companies have made significant moves to deepen their involvement with Solana’s blockchain, signaling increased institutional interest in SOL.
Canada-based Sol Strategies filed a preliminary base shelf prospectus on Tuesday, aiming to raise up to $1 billion through equity and debt offerings. This capital would be used to expand its holdings of Solana’s native token, SOL. While there is no immediate plan to raise funds, the filing gives Sol Strategies flexibility to seize future opportunities. This comes shortly after the firm secured a $500 million convertible note, having already deployed $20 million to acquire more than 122,000 SOL tokens.
Meanwhile, Nasdaq-listed DeFi Development Corp. (DFDV) announced it is adopting liquid staking token (LST) technology developed by Sanctum. This marks the first time a public company has invested in Solana-based LSTs. Their new token, dfdvSOL, will enable users to stake SOL with DeFi Development’s validators while maintaining liquidity—allowing holders to participate in decentralized finance (DeFi) activities or redeem their staked tokens at any time.
Staking involves locking up tokens like SOL to support network operations and earn rewards, with validators running the necessary infrastructure to validate transactions and secure the blockchain.
These developments highlight growing institutional confidence in Solana’s staking ecosystem and validator network, potentially paving the way for wider corporate adoption of SOL.
