Why Companies Choose Solana Over Bitcoin for Staking Rewards

Several publicly traded companies have built treasuries in Solana (SOL), using both direct purchases and staking mechanisms, according to public filings. Upexi Inc. (UPXI), a consumer goods company, acquired approximately 1.9 million SOL, financed through equity and convertible notes, and staked nearly the entire amount at an estimated 8% yield. Internal calculations suggest the position could generate around USD 26 million annually at current prices.

DeFi Development Corp. (DFDV) holds 1.18 million SOL and operates its own validators on the Solana network. SOL Strategies Inc. (HODL) from Toronto has accumulated around 400,000 SOL, while Torrent Capital Ltd. (TORR) owns over 40,000. Classover Holdings (KIDZ), an ed-tech company, plans to raise USD 500 million to build a Solana treasury. In total, more than 3.5 million SOL are reported on corporate balance sheets.

The main reason behind these acquisitions is the yield generated by Solana’s Proof-of-Stake mechanism, which allows holders to secure the network and earn rewards. Unlike Bitcoin, which does not generate income through passive holding, Solana offers an annual yield stream.