Solana Company updates $SOL holdings with 1M token increase
Crypto Briefing
Solana Company increased its SOL holdings by 1 million tokens to over 2.3 million, achieving a 7.03% staking yield.Summary
Solana Company, a publicly traded firm expanding its digital asset treasury, announced on October 29 that it increased its Solana holdings by approximately 1 million SOL, bringing the total to over 2.3 million tokens since its last update on October 6. The company's staking operations yielded an average gross staking yield of 7.03% in October, which outperformed the benchmarks set by top Solana validators by 36 basis points. This activity occurs amid growing institutional adoption of the Solana network, evidenced by major payment firms issuing stablecoins directly on the chain due to its scalability and low transaction costs.
(Source：Crypto Briefing)