Corporate America Can’t Get Enough of Solana (and We Can’t Blame Them)

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Ah, Solana! Once touted as the Ethereum-killer in the 2020-2024 crypto cycle, it’s now playing a game of catch-up with Ether’s market cap. It’s a bit like trying to outrun a cheetah, but hey, Solana has come quite a long way in that direction, and its boosters have been very, very loud about it. 📣

Last year, Bitcoin was busy doing its thing—outpacing Solana like it was running a marathon while Solana took a quick nap in its consolidation period. But let’s not forget the big picture: over the past five years, Solana delivered a jaw-dropping 10,000% ROI, compared to Bitcoin’s somewhat “measly” 1,100%. Talk about a crypto glow-up! 💸

Now, here comes the fun part: a gaggle of corporations has decided to hoard Solana like a dragon with a treasure hoard—except this dragon doesn’t mind if the treasure is digital. It’s like Michael Saylor’s Bitcoin strategy, but with more flair and fewer suits. 🦸‍♂️

3 US-Canadian Companies Go Full Saylor on Solana

1. Janover’s Still at It With a Fresh $11.5M SOL Tranche

JANOVER EXPANDS CRYPTO TREASURY WITH MAJOR #SOLANA BUY

Janover (NASDAQ: JNVR) has added approximately 88,164 $SOL to its crypto reserves, investing $11.5 million as part of its ongoing treasury strategy.

This brings the company’s total holdings to over 251,842 $SOL—now worth…

— Giannis Andreou (@gandreou007) April 23, 2025

Janover, a Nasdaq-traded real estate platform, has former Kraken execs on board now, probably plotting how to turn Solana into the next big thing. They added another $11.5 million to their corporate treasury last week. It’s like someone can’t get enough of this stuff! 💼

2. Canadian SOL Strategies Goes All In With a $500M Bite of Solana

Meanwhile, up north in Canada, SOL Strategies, Inc. made a *massive* play for Solana. Half a billion dollars worth of stock-convertible bonds—basically, the corporate equivalent of buying every donut in the bakery because you know they’ll be gone soon. 🍩

BREAKING: SOL Strategies secures landmark USD $500M convertible note facility with ATW Partners to expand SOL holdings.

This first-of-its-kind structure is exclusively for SOL purchases and staking on our validators, with interest paid in SOL.

This represents the largest…

— SOL Strategies (CSE: HODL | OTCQX: CYFRF) (@solstrategies_) April 23, 2025

SOL Strategies’ strategy? Pile up tokens, stake them, and hope for rewards. Oh, and the interest is paid in SOL. Very neat, very efficient, very… Canadian? 🇨🇦

3. Upexi Raises $100M for a Solana Spree

Upexi, a Nasdaq-listed company, has raised $100 million to launch a Solana (SOL) treasury strategy, allocating over 90% of the funds to SOL. Following the announcement, Upexi shares surged 630%, jumping from $2.30 to $16.79. Major backers include Arthur Hayes’ family office,…

— CoinPhoton (@coinphoton) April 22, 2025

Not to be outdone, Upexi just raised $100 million and plans to throw over 90% of it at Solana. And because the universe has a sense of humor, Upexi’s stock shot up 630%. Oh, and Arthur Hayes is involved. A match made in crypto heaven. 🚀

Big Solana Network Roadmap Milestones in April

4. Solana IoT Network Helium Expanding Like a Balloon

The Helium network, which powers Solana’s Internet of Things (IoT) ecosystem, is expanding faster than you can say “blockchain.” They’ve hit all-time highs in April for DAO voting participation and validator node usage. And let’s not forget their $20/month unlimited mobile plan, now available in 3,000 Walmart stores. Yes, you read that correctly. 🛒

5. Solana Foundation Secures Network with Some Minor Tweaks

Okay, this one sounds like a minor note, but trust us, it’s a big deal. Solana’s making tweaks to its validator node system, decentralizing things even more. It’s like moving the pieces of a very high-stakes chess game, where every pawn is worth millions. 💡

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2025-04-27 19:48