A recent report from Coinbase has indicated that an increasing number of businesses, especially companies outside the cryptocurrency field, are actively beginning to invest in Solana (SOL). This trend is assessed as potentially opening a new digital asset accumulation wave, similar to the prominent strategy MicroStrategy implemented with Bitcoin.
By the end of April 2025, Solana is experiencing a strong price increase, despite previous market fluctuations. Notably, the Solana blockchain has surpassed Ethereum in staking market capital, as trading volume on the network surges, attracting attention from both individual and institutional investors.
Although Coinbase's latest report primarily focused on comparing market dynamics between Bitcoin and Ethereum, the section on Solana revealed a noteworthy signal of investment capital shift.
David Duong, Coinbase's Global Research Head, disclosed that non-cryptocurrency companies like Janover – a real estate financial company, and Upexi – a Nasdaq-listed supply chain management company, have made significant moves in accumulating Solana.
Specifically, Janover raised 42 million USD through convertible bonds to establish an investment reserve fund for Solana. Meanwhile, Upexi announced a private offering worth 100 million USD, with over 90% of that dedicated to purchasing and staking SOL tokens.
Additionally, the SOL cryptocurrency company Strategies has raised up to 500 million USD through convertible bond issuance, targeting larger-scale Solana ownership and mining.
Coinbase compared these moves to Bitcoin investment strategies of organizations like Twenty One Capital, which currently holds over 42,000 BTC – equivalent to approximately 3.97 billion USD at current market prices. However, investments in Solana remain significantly smaller in scale.
Although still in an early stage and limited in scope, Coinbase's report suggests this is a notable signal. Publicly listed companies beginning to incorporate Solana into their asset portfolios could be the initial step towards a new long-term investment trend.
However, according to Coinbase, sustainable growth and broader acceptance from the business community are necessary for these Solana reserves to significantly impact the broader crypto market landscape. A few real estate financial and supply chain management companies participating in the market cannot represent a systemic change.
Nevertheless, as one of the largest global exchanges, Coinbase stated they will continue to closely monitor this development, especially as traditional institutions are increasingly showing clear interest in digital assets beyond Bitcoin and Ethereum.
Disclaimer: The article is for informational purposes only and is not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment choices.
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