Solana digital asset treasury (DAT) companies continued expanding their positions as firms reported new SOL purchases, staking results, operational changes, and ecosystem investments.
Forward Industries, the largest publicly traded Solana treasury holder, resumed its $SOL accumulation campaign by purchasing an additional 254,000 $SOL between July 1 and August 3 at an average price of approximately $75 per token. The purchases lifted Forward’s total $SOL and SOL equivalent holdings to approximately 7.8 million SOL.
Forward Industries Grows $SOL Treasury
Forward Industries reported its fiscal Q3 2026 results on August 12, highlighting continued growth in its Solana treasury strategy.
The company also reported a 9% quarter-over-quarter increase in fully diluted $SOL per share, which rose from 0.0669 to 0.0730. By August 3, SOL per share increased further to approximately 0.0754.
Forward continues to stake nearly all of its $SOL holdings through its validator, with an approximately 1.38% network stake weight, according to Solana Beach data. The company generated approximately 106,000 $SOL in staking rewards during Q3, bringing cumulative staking rewards since launching its treasury strategy in September 2025 to approximately 300,000 $SOL.
Forward also continued exploring acquisitions of digital asset treasury companies and other strategic businesses. Earlier in 2026, the company attempted acquisitions of Solana Company, Solmate, and SkyAI as part of a broader consolidation strategy but had no success.
DeFi Development Corp. Focuses on Efficiency
DeFi Development Corp. also released its Q2 2026 shareholder update, reporting $SOL and $SOL-equivalent holdings of 2,311,523 as of August 12.
The company reported $SOL per share of 0.066, representing a 24% year-over-year increase. DeFi Dev Corp. also announced cost reductions planned for Q3 and further simplification of its capital structure.
The company repurchased approximately $3.5 million in principal of July 2030 convertible notes for $2.3 million in cash, representing a discount of about 35% to par value.
DeFi Dev Corp. reaffirmed its long-term goal of reaching 1.0 SOL per share by December 2028. It also discontinued its Treasury Accelerator program while concentrating activity on a smaller number of institutional-scale protocols.
SkyAI and Solmate Add to Treasury Positions
SkyAI, formerly Sharps Technology, reported approximately 2 million $SOL in its treasury as of June 30. The company also held approximately $12.1 million in cash and generated $2.3 million in net staking revenue during Q2.
SkyAI reported that its staking operations produced an approximately 6% gross annualized yield on a $SOL-denominated basis. The company also appointed Arthur Levine as Chief Financial Officer as it continues developing its agentic finance platform built around its Solana treasury.
Meanwhile, Solmate increased its $SOL holdings by acquiring an additional 1,001 $SOL. The company now holds approximately 1.26 million $SOL, with its treasury valued at roughly $94 million.
SOL Strategies Expands Beyond SOL Holdings
SOL Strategies continued building infrastructure businesses around the Solana ecosystem after acquiring Houdini Swap, a privacy-focused cross-chain swap aggregator.
The company reported that Houdini generated approximately $1.1 million CAD in revenue and $740,000 CAD in EBITDA during its first full month under SOL Strategies. The business processed approximately $92 million CAD in transaction volume across 34,427 orders.
Houdini also integrated with pump.fun’s Terminal platform, adding private deposits, withdrawals, and multi-wallet funding features. The integration allows traders to manage separate wallets without creating direct onchain links between funding sources and destination wallets.
The growth of Solana DAT companies shows an increasingly competitive race among public firms seeking exposure to $SOL accumulation, staking revenue, and broader Solana infrastructure opportunities.
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