According to @MilkRoadDaily, Solana (SOL) treasuries have expanded from non-existent in April to a combined 16.5M SOL, valued around $4.8B (source: @MilkRoadDaily). According to @MilkRoadDaily, FORD holds the largest SOL treasury at 6.8M SOL, with three additional entities each above 2M SOL and another three just over 1M SOL (source: @MilkRoadDaily). According to @MilkRoadDaily, this snapshot details the current distribution of major SOL treasuries across leading entities for on-chain tracking (source: @MilkRoadDaily).

According to @MilkRoadDaily, treasuries have accumulated 12.3M SOL valued at about $2.95B to date, marking a rapid build-up from zero just months ago. Source: @MilkRoadDaily on X, Sep 14, 2025. According to @MilkRoadDaily, this makes SOL one of the fastest-growing asset reserves in crypto, a trend traders can monitor for potential supply and liquidity dynamics around SOL. Source: @MilkRoadDaily on X, Sep 14, 2025.

According to @MilkRoadDaily, while most traders are focused on SOL, stronger upside may lie in three smaller Solana ecosystem tokens that benefit the most from Solana treasuries, indicating a rotation trade within the Solana stack; Source: @MilkRoadDaily on X, Aug 29, 2025. The post directs traders to an analysis naming the three tokens and tying their catalysts to treasury support, suggesting attention shift toward Solana small caps over SOL for near-term momentum; Source: @MilkRoadDaily on X, Aug 29, 2025.

According to @MilkRoadDaily, Solana (SOL) is now introducing its own treasury management solutions, similar to existing ETH treasuries but with an added decentralized finance (DeFi) component. This development is expected to expand DeFi use cases on the Solana blockchain, potentially increasing demand for SOL and driving new trading opportunities. Active traders should monitor the growth of SOL-based treasury products as they could impact Solana's liquidity, on-chain volume, and overall price action in 2025 (Source: @MilkRoadDaily).