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Competition to intensify the cash Solana, public companies bet on large revenues. This week, three companies have published significant purchases of Solan in a total of several million dollars.
In short
- Public companies buy aggressively from Solany for stacher and generate revenue, with more than $ 590 million in cumulative assets.
- UPEXI now holds 2 m of land and earns around $ 65,000 a day to raise rewards; Bit mining and Defi development also launched validators.
- Analysts see Focus for Society for Stoking Solana to diversify their cash strategy over bitcoins and generate recurring crypto.
Who is in the race?
Bit mining, the Bitcoin mining company, made its first invasion of Solana by gaining 27 191 land (worth $ 4.5 million). The company launched more than just an investment, launched its own node Validator to start collecting directly from the network.
UPEXI, an aggregator of brands focused on the supplier chain, went even further. In July alone, it increased its soil assets from $ 735,692 to more than 2 million chips thanks to fundraising $ 200 million. According to General Director of Allan Marshall, most of these lands have already been set, which generated a yield of 8 %, resulting in approximately $ 65,000 in daily income.
The Corp Development, formerly AI Platform focused on real estate, now has more than 1.2 million land that added 110,466 chips this week. After acquiring the former management of Kraken, the company began to accumulate land in April and now look through several validators.
An institutional appetite for a yield
According to Congecko, four main public companies now control more than 3.5 million land, worth $ 591.1 million, or about 0.65 % of the total offer in circulation. This increase in activation indicates a wider institutional change and moves from simple detention of digital assets to active revenue generation through decentralized infrastructure.
President Bit Mining Bo Yu stressed that the launch of their validator is “Just the beginning” Greater strategic expansion of Solan ecosystem. The company plans to raise up to $ 300 million to finance other acquisitions and build infrastructure.
Solana vs. bitcoin
Costrier Crypto Bitgo recently stressed that Solana offers a unique opportunity for cash diversification. While Bitcoins have become a standard supplement to business balance sheets, Solana provides the potential for valuation that can actively contribute to the company’s intake. Bitgo recorded in the June report:
Companies that accept Solan show their digital assets creating rewards, strategically corresponding to the developing blockchain infrastructure, and distinguishing be on the market.
With increasing participation of validators, millions of daily returns and increasing institutional attention, the Solana cash race must not be over. UPEXI at the moment leads a fee, but with hundreds of millions of investments provided by competitors this could change quickly.
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I was passionate for almost ten years since I was young and I was curious for investment for the first time. This early spark led me to years of research, writing and exploring the future of decentralized technology.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.