TechFlow news, February 10: According to Cointelegraph, publicly traded companies holding Solana (SOL) as treasury assets are currently facing over $1.5 billion in unrealized losses. These losses are concentrated among a small number of U.S.-listed companies, which collectively hold more than 12 million SOL tokens—approximately 2% of the total supply.
Forward Industries, Sharps Technology, DeFi Development Corp, and Upexi account for over $1.4 billion in unrealized losses. As the largest holder, Forward Industries accumulated over 6.9 million SOL at an average price of approximately $230, resulting in unrealized losses exceeding $1 billion at the current price of roughly $84.
Data shows these companies primarily accumulated SOL between July and October 2025, after which all purchases were halted. Although none of the companies have been forced to sell their SOL holdings, declining stock prices have constrained their ability to raise new capital—the top five Solana treasury companies saw share price declines ranging from 59% to 80% over the past six months.
