Recent purchases of Solana tokens by public companies indicate a growing interest in staking rewards. This article examines the actions of several firms aiming to increase their holdings in this blockchain.
Surge of Interest in Solana Among Public Companies
Several public companies have reported increasing investments in the Solana token in hopes of gaining staking rewards. For example, Bit Mining announced the purchase of 27,191 SOL for $4.5 million and the launch of a validator to earn from staking tokens.
Staking Strategies from DeFi Development Corp
DeFi Development Corp has increased its crypto holdings to over 1.2 million SOL by purchasing another 110,466 tokens. The company plans to stake its tokens with various validators, earning more SOL as rewards for validating transactions on the blockchain.
Bit Mining’s Expansion into the Solana Ecosystem
Bit Mining intends to expand its operations within the Solana ecosystem by launching a self-operated validator. CEO Bo Yu stated that this marks the beginning of a broader strategy to build infrastructure supporting Solana’s growth.
The interest of public companies in Solana and staking rewards creates opportunities for further growth and valuation of this token. Firms actively investing in Solana have reported advantages compared to traditional assets.
