SOL Strategies, Janover, and Upexi Lead Surge in Corporate Solana (SOL) Adoption, Eyeing $1B Fundraising to Expand SOL Treasuries

North American and international corporations are ramping up institutional exposure to Solana (SOL). SOL Strategies, a Canadian crypto infrastructure firm and leading validator/staking service provider with over 3.5 million SOL delegated, has filed a preliminary prospectus to potentially raise up to $1 billion through securities offerings, aiming to expand its Solana treasury. This filing, with no immediate issuance planned, provides capital flexibility for future growth and positions SOL Strategies as a frontrunner in corporate SOL accumulation. The company further plans to tokenize its shares on the Solana blockchain, possibly becoming the first public firm to do so. This move aligns with a growing trend of public companies adding SOL to their treasuries, mirroring earlier waves of corporate Bitcoin adoption. Janover (now DeFi Development Corp.) holds over 251,000 SOL, while Upexi raised $100 million (allocating over 90% to SOL) and experienced a major stock price surge after the announcement. Japanese firm Remixpoint has also begun building significant SOL reserves. The Solana ecosystem itself is experiencing robust growth, with Helium expanding its IoT and mobile services through partnerships with major U.S. retailers and the Solana Foundation updating its validator node processes to improve decentralization. For crypto traders, these developments signal rising institutional trust in Solana, increased network utility, and positive sentiment, setting a foundation for potential medium- to long-term SOL price momentum.