π₯ Top 7 public companies holding SOL π
Chevy Cassar
June 20, 2025
Chevy Cassar
June 20, 2025
GM. This is Milk Road, the newsletter that gives you the same feeling as cracking a cold one on a Friday afternoon.
Hereβs what we got for you today:
βοΈ Top 7 public companies holding SOL
βοΈ The Token Transparency Framework
ποΈ The Milk Road Show: Why Zeneca Is Betting Big on Hyperliquid
πͺ If at first you donβt succeed, vote on it again
EarnPark is a lending platform offering high-yield products on crypto assets. Download the app today to start earning smarter.
Weβve written a bunch about Bitcoin treasuriesβ¦
And even covered how we think $ETH treasury plays will eventually outpace $BTCβ¦
But what about Solana? We figured itβs probably time we fix that blind spotβ¦
Here are all of the publicly traded companies currently using $SOL as a treasury asset:
Neat. But why would a corporation choose Solana over Ethereum and/or Bitcoin?
$ETH offers staking, just like $SOL β meanwhile both $ETH and $BTC have greater institutional pedigrees, as well as publicly traded ETFs for easy acquisition.Β
(Whatβs Solana really bringing to the table?)
Short answer: market cap asymmetry.
Long answer: Solana has a significantly smaller market cap than Ethereum and Bitcoin, meaning it takes less to move its price.
Check this outβ¦hereβs each assetβs market cap as of 9am this morning:
Now, hereβre the returns each asset would see if $10B were added to their respective market capsβ¦
$10B added to $SOLβs market cap = a 12.8% increase
$10B added to $ETHβs market cap = a 3.24% increase
$10B added to $BTCβs market cap = a 0.47% increase
See the perks? Same increase in dollar amounts β roughly 4-27x greater percentage returns.
But, itβs not without its downsidesβ¦
Solanaβs increased volatility cuts both ways, increasing its potential downside β which, as a treasury asset, may not be ideal.
That said, as someone who is 100% allocated to $SOL, I encourage all corporate treasurers to ignore this harsh reality and kindly pump my bags before our PRO Team ties me to a chair and forces me to diversify β as theyβve threatened to do so many times before.
(If my portfolio starts looking like this, youβll know I lost the battle.)
Time to put it to work with EarnPark β a platform offering high yield (up to 28% APY*) through institutional-grade strategies.Β
Whether youβre into fundamentals or a full-blown degen, EarnParkβs got options for everyone:
Majors like $BTC, $ETH and $SOL
Stablecoins like $USDT and $USDC
And altcoins like $XRP, $DOGE and $AVAX
And hereβs the big news: EarnPark is now live on Android & iOS, making institutional-grade yield strategies easier to access than ever before!
Start earning yield anytime, anywhere.
Public commitment is a helluva drug.
Seriously, we humans tend to act in line with our public statements, as it helps maintain our self-image and social credibility.
(Itβs whatβs known as βThe Consistency Principleβ.)
And itβs why weβre excited about Blockworksβ new Token Transparency Framework (TTF, if ya nasty).
It asks for public transparency from founding teams via a questionnaire β helping the investing world to act as a projectβs βaccountability partnerβ, and track/enforce their consistency over time. π
Think of it like a Michelin Star rating, but for crypto transparency β in theory, will help to:
Build trust: projects that are willing to share specific details will be marked as more trustworthy
Reduce confusion: collecting standardized info on projects, like supply and vesting schedules, means investors arenβt left guessing/hunting this data down themselves
Help with research: investors will be able to check a projectβs risks and credibility with a one-time, easy-to-read filing
Level the playing field: everyone, from big investors to retail, will have access to the same information (not just insiders)
Incentivize transparency: the further back a project pulls its proverbial kimono, the higher its score becomes
If youβre keen to start snooping, you can check out a bunch of projectsβ TTF scores here.
New life insurance hack! We dropped an article on how Meanwhileβs life insurance actually lets you benefit from your policy while youβre still alive.*
If at first you donβt succeed, vote on it again. Arizona is looking to pass a previously failed bill that will add seized crypto to a reserve fund.
βIβm sorry, we couldnβt get ahold of Mr. Un, and unfortunately heβs your only reference.β North Korean hackers are hiding malware in crypto job applications.
3 tokens that could easily 10x. LG lays out his top 3 tokens of the week over at Milk Road Degen.
Weβre hosting a meetup at Permissionless!Β If youβre hanging around New York next week, come grab a beer with the Milk Road team.
This DEX solves an actual UX issue! Milk Road Swap supports both Ethereum and Solana tokens in a single interface.
*this is sponsored content.
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