A publicly traded company holds over 12 million SOLs, with unrealized losses exceeding $1.5 billion.

Publicly traded companies holding Solana as a treasury asset currently have unrealized losses exceeding $1.5 billion, holding over 12 million Solana, approximately 2% of the total supply. CoinGecko data shows that the losses are primarily concentrated in US-listed companies Forward Industries, Sharps Technology, DeFi Development Corp, and Upexi, with these four companies disclosing combined losses exceeding $1.4 billion (Solana Company did not fully disclose its acquisition cost). The main accumulation period was from July to October 2025; since then, the top five holders have not disclosed any new purchases or on-chain sales. Forward Industries holds over 6.9 million Solana at an average cost of approximately $230, with a current price of $84, resulting in a book loss exceeding $1 billion; Sharps Technology made a single purchase of $389 million, with a current value of approximately $169 million, a drop of over 56%; Upexi has a book loss of $130 million. (Cointelegraph)