As per the most recent X post from Whale Insider REX- Osprey has bought $18.3 million worth of Solana. This buy mirrors growing institutional confidence in SOL and also adds weight to its momentum, especially as stablecoins and memecoin grew on the Solana blockchain.
Institutional players actively accumulate SOL, its counters retail volatility and position Solana as a viable alternative to Ethereum for DeFi, NFTs, and memecoin. Market watchers argue that buys like this could drive the prices in the long term.
This week, it has also been reported that the Rex Osprey Solana ETF, the only operational one in the United States, sees two straight record weeks with $50 million in inflow amid rumours of Solana ETF approvals.
Yet, till September 2025, there are 17 public companies and institutions holding Solana, nearly 3.6% of the supply, valued at nearly $5 billion.
It is worth noting that in Solana, accumulation by public firms has led the charge, often staking holdings for passive income. And institutions like Galaxy Digital and Pantera Capital are also piling in alongside TradeFi in tokenization, during bearish sentiment in September.
Top Solana holders
Among publicly listed companies Forward Industries is the topper with 6,822,000 Solana, with DeFi Development Corp holding 2,095,748 SOL, and Upexi has 2,018,419 Solana.
It is said that Galaxy Digital had nearly 2.4 million SOL, and the Rex Osprey ETF is reported to have 1.5 million SOL (AUM-based). Institutions added $1 billion+ in Solana with Galaxy Digital buying $205 million SOL in a single day.
After Bitcoin, Solana, and Ethereum have also gained recognition and secured a place in corporate portfolios. Meanwhile, some banks have chosen the Solana blockchain to develop their products and support tokenization.