Why Solana Treasury Companies May Outshine BTC and ETH in 2025

Analysts have forecasted that Solana (SOL) treasury firms may outshine Bitcoin (BTC) and Ether (ETH) in 2025.

Galaxy’s Michael Marcantonio outlined numerous the reason why SOL is the superior alternative for such firms, together with its greater staging yield and throughput.

Professional Backs SOL as Excessive-Yield Reserve Asset

Marcantonio shared his views in a September 15 X publish, the place he argued that SOL provides treasury companies distinctive benefits in comparison with its bigger rivals. He defined that SOL has a gross staking yield of about 7–8%, in contrast with simply 3–4% for ETH. Reinvesting these rewards permits a treasury’s web asset worth (NAV) to develop sooner, creating a gentle earnings stream.

He gave the instance of a $9 billion ETH treasury that would produce round $300 million per yr, noting that SOL’s greater charge offers it a good stronger place. Then again, BTC doesn’t present any yield, so firms holding it as a reserve asset can’t generate the identical type of returns.

The professional additionally talked about SOL’s robust transaction throughput, noting that regardless of its market cap being 5 to 6 instances smaller than ETH’s, it handles extra transactions and reaches extra customers. He defined that this stage of community exercise offers companies that accumulate the previous larger upside. It is because their NAV per share can develop from treasury mechanics, and the potential for SOL being valued greater compared with ETH.

The 38-year-old additionally checked out volatility and progress. He famous that SOL has traditionally been extra unstable than its counterparts, with ranges round 80% in comparison with 40% for BTC and 65% for ETH. This distinction makes financing instruments similar to convertible bonds, warrants, and structured offers cheaper for firms which have SOL of their treasuries, and helps them accumulate tokens at a sooner tempo.

He added that this sort of dilution will increase the variety of tokens per share extra shortly, which boosts web asset worth.

SOL Positive factors Floor in Company Stockpiles

Marcantonio additional defined that ETH is already broadly utilized by establishments, whereas SOL remains to be in its progress stage. Meaning reserve firms linked to the latter can profit from its monetary traits and increasing adoption.

BTC and ETH stay the dominant belongings in company treasuries, with over 130 publicly traded companies holding the previous and greater than 40 accumulating the latter as strategic reserves.

Flagship firms like Technique and Metaplanet proceed to build their positions in BTC, whereas others, similar to BitMine Immersion Applied sciences and SharpLink Gaming, accumulate ETH. Nevertheless, a brand new wave of treasury companies can be turning to SOL.

Within the lead is Upexi Inc., holding over 2 million of the cryptocurrency, adopted by DeFi Growth Corp., which reported almost 1 million SOL in its treasury, and Sol Methods Inc., which has 260,000 SOL on its books.