Solana Treasury Holdings Near $3B as Grayscale Partners Figment for Institutional Staking
Grayscale selects Figment as institutional staking partner for Ethereum and Solana products while SOL corporate treasuries climb 22.7% to $2.9 billion.
DevvStream announced $2.7 million SOL investment exceeding its Bitcoin allocation for staking income.
Digital asset manager Grayscale has selected Figment as the institutional staking partner as the US SEC approaches deadlines on altcoin ETFs in review.
“Beyond returns, staking in ETPs enables holders to participate in securing and processing transactions for the blockchain. Figment provides institutions like Grayscale the trust, transparency, and feasibility to bring staking to their customers”, said Lorien Gabel, CEO and Co-Founder of Figment.
Grayscale aims to leverage Figment’s institutional-grade infrastructure to integrate Proof-of-Stake rewards directly into its ETPs, allowing investors to generate passive income without on-chain activity.
StakingRewards data shows Figment provides staking services for 25 different PoS assets, with 39.1% of its $6.19 billion total staked assets under management deposited on Solana as of October 9, 2025.
Solana Treasury Holdings hit $2.9B as Investors Anticipate Solana ETFs
CoinGecko data shows that SOL treasuries rose 22.7% to reach $2.9 billion on Thursday, October 9, signaling steady corporate demand as markets anticipate the SEC’s altcoin ETF verdicts later this month.
Solana Treasury Holdings as of October 9, 2025 | Source: CoinGecko
While Grayscale’s partnership with Figment strengthens institutional confidence, Solana has also attracted attention from new ecosystem entrants.
On Thursday, America.Fun launched on Solana to drive USD1 adoption on Solana, capitalizing on Bonk’s recent partnership with World Liberty Financial (WLFI) and decentralized exchange Raydium. According to the announcement, the project is designed to expand the USD1 utility and support Solana projects that build around the stablecoin with liquidity.
This aligns with WLFI’s aggressive drive for cross-chain integration of the USD1 stablecoin.
Aptos network also confirmed USD1 adoption on Monday, integrated by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), attracting over $447 million in intraday trading volume.
In Canada, Solana received another major boost on Thursday, as Calgary-based Carbon Management firm, DevvStream announced 12,000 SOL holdings valued at $2.7 million investment in its latest portfolio report. Notably, SOL holdings in the firm’s crypto treasury exceed its current Bitcoin balances of 22 BTC valued at $2.6 million at the time of filing.
According to DevvStream statement, the firm aims to prioritize incremental income through SOL staking with a long-term view towards launching tokenized real-world assets for renewable-energy plants and energy-trading contracts.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
