Why Solana Treasury Companies May Outshine BTC and ETH in 2025

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

Galaxy’s Michael Marcantonio outlined varied the explanation why SOL is the superior alternative for such corporations, 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 submit, the place he argued that SOL affords treasury corporations 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 quicker, creating a gentle earnings stream.

He gave the instance of a $9 billion ETH treasury that might produce round $300 million per 12 months, noting that SOL’s greater charge offers it a good stronger place. However, BTC doesn’t present any yield, so corporations holding it as a reserve asset can’t generate the identical form of returns.

The skilled 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 degree of community exercise offers corporations that accumulate the previous higher upside. It’s because their NAV per share can develop from treasury mechanics, and the potential of SOL being valued greater in comparison with ETH.

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

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

SOL Positive factors Floor in Company Stockpiles

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

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

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

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