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Public companies are scooping Solan to get a piece of stacking rewards of blockchain, three firms heard that they have planned more tokens.
Bitcoin mining firm Bit Mining said on Tuesday that it first purchased Solana (Sol), with 27,191 Sol priced at $ 4.5 million, and launched a verification to earn a yielded by stinging tokens.
Meanwhile, on Tuesday, UPXI, the owner of a brand specialized in the supply chain management, said that he spent most of the July Solana and increased these holdings from 735,692 tokens to more than 2 million soles in late June.
On Monday, Defee Development Corp said it extended its crypto holdings to more than 1.2 million souls, purchasing another 110,466 tokens.
Coingko said on Tuesday that recent shopping highlights the “Arnag Trend of Solana Exposure among public firms”, in the top manner solana–elecated companies control more than 3.5 million tokens, which represents about 0.65% of the circulating supply of the sole.
Long -term stacking plan
The Defi Development Corp after its latest purchase said to wall as a reward.
The company, earlier called Jenovar, was primarily a real estate finance company, which used an artificial intelligence-powered online platform to connect linders and commercial property buyers.
The firm made its first seoul purchases of 2,858 tokens on 8 April after being accepted by former officials of Crypto Exchange Crackon.
Meanwhile, Upexi CEO Alan Marshal said that July “was a game-changing month” for the company after “raising more than $ 200 million for additional sool procurement and extending his holdings up to more than million tokens”.
The firm also stored most of its own, which Marshal said that it earns 8% yield and pocket $ 65,000 a day.
Bit mining to expand into solana ecosystems
Bit Mining President and Chief Operating Officer Bo U Saeed Company first mark the beginning of a widespread effort for building an appearance
“This declares our commitment to Solana’s ability and our commitment to the creation of meaningful infrastructure which is its glory, security and decentralization,” U said.
Bit Mining announced on 10 July that she was making a strategic change in Solana Ecosystem, placing a plan of up to $ 300 million to make Solan token Treasury.
Stacking produce primary catalyst for purchase
In a report on 18 June, the speed of Crypto firm Bitgo is that a pride number of companies is particularly adding to the staging awards and the Bitcoin (BTC) adopted to the floods for other firms adopted.
Connected: Solana block capacity is 20% and it is proposed to go to Eve
“Bitcoin Inteo Corporate Balance Sheets challenged traditional treasury thinking, indicating infection of digital assets in a valid institutional asset class,” Bitgo Ed.
“Companies adopting Solan Gain exposure to reward digital assets, align with strategically emerging block infrasture, and differentiate the market.”
Uvexi currently leads the Solana Treasury Race, who leads to CoingECO, with the Defi Development Corp in the second, and with SOL strategies, a Canadian public company focused on top three.
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