Since the first move to owning a strategic SOL reserves, the initiative has reached a whopping 8.9 million SOL, which is valued at over $1.5 billion at current market prices. This pattern of stockpiling highlights the growing need for SOL as a strategic asset and fortifies the groundwork for future growth.
After institutions have acquired more than 8.9 million SOL, these entities now control about 1.55% of Solana’s total supply in circulation. Data shared by the expert shows that 13 major institutional entities currently hold this massive supply of SOL.
Even though only 13 entities own a SOL treasury, concentration among a small number of organizations can still affect governance and liquidity. Lastly, he also noted that this kind of large-scale accumulation frequently precedes long-term ecosystem expansion.
