Institutional Players Bet an Extra $509.9M on Solana Treasury – Solaxy Might Help Solana Top Ethereum

Quick Summary:

Two major institutional players – SOL Strategies and DeFi Development Corp – recently injected $509.9M combined into their Solana treasury incentives.

The investment strategy echoes MicroStrategy, but this time, it’s Solana ($SOL) rather than Bitcoin ($BTC).

It’ll enhance Solana’s stake participation, boost network security, and lower the token float – each of which could significantly raise the token’s price.

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Article Details

Category: Crypto

Markets: Hungary

Topics: Solaxy Institutional $509 $solx Solana’s Demand $sol Market Solana Token Network

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-25 @ 12:14:26 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 749 words

Reading Time: 5 minutes read

Sentences: 55 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28207442

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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