Listed Firms Dey Boost Solana Staking for 8% Yield, Raise Over $500M
Three listed companies—Bit Mining, Upexi and DeFi Development—dem don grow their Solana (SOL) holdings well well to capture Solana staking rewards and make network infrastructure strong. Bit Mining buy 27,191 SOL ($4.5M) come launch their own validator, while Upexi increase their stake from 735,692 SOL to over 2 million SOL for July, dey dey get like 8% yearly yield (~$65K daily). DeFi Development add 110,466 SOL, bring im total to over 1.2 million SOL for multi-validator staking. Together, these top four corporate holders dey hold over 3.5 million SOL—0.65% of circulation supply—value reach $591 million. BitGo talk say this trend na because institutional pipo dey diversify pass Bitcoin, with companies raise over $500 million to fund Solana reserves and ecosystem infrastructure. Dis surge for Solana staking fit make supply tight and network security better, e mean say SOL traders get good chance to gain.
Bullish
The news dey bullish for SOL as the increase for institutional staking dey reduce liquid supply and e dey show say confidence dey grow for the network. For short term, big corporate purchases and new validators fit support the price by making tokens scarce and bring more people to stake. For long term, as dem dey shift to reward-generating assets like SOL, e dey show say institutions dey diversify—this fit make demand for SOL increase, e fit make network secure well well, and e fit help the ecosystem grow, all na better things wey fit make SOL price go up.