Why Solana Treasury companies can surpass BTC and ETH in 2025

Analysts have predicted that Solana (SOL) Treasury companies may exceed Bitcoin (BTC) and Ether (ETH) in 2025.

Michael Marcantonio from Galaxy outlined various reasons why SOL is the superior choice for such companies, including the higher staggering yield and transit.

Expert Backs Sol as a high-yield reserve asset

Marcantonio shared His views in a post of 15 September, where he argued that Sol Treasury companies offers unique benefits compared to its larger competitors. He explained that SOL has a gross appearance of around 7-8%, compared to only 3-4% for ETH. By reinvesting these rewards, the net asset value of a treasury (NAV) can grow faster, creating a steady income flow.

He gave the example of an $ 9 billion ETH treasure that could produce around $ 300 million a year, and noted that the higher rate of SOL gives it an even stronger position. On the other hand, BTC does not offer a return, so companies that retain it as a spare -resistant cannot generate the same type of return.

The expert also spoke about the strong transaction supply of SOL and noted that, despite the fact that market capitalization is five to six times smaller than ETHs, it treats more transactions and reaches more users. He explained that this level of network activity gives companies that collect the former greater benefit. This is because their NAV share share can grow from the Treasury mechanics and the possibility that SOL is appreciated higher compared to ETH.

The 38-year-old also looked at volatility and growth. He noted that Sol has traditionally been more volatile than its counterparts, with levels of approximately 80% compared to 40% for BTC and 65% for ETH. This difference makes financing instruments such as convertible bonds, warrants and structured deals that are cheaper for companies that have Sol in their treasury chest and helps them to collect tokens faster.

He added that this type of dilution increases the number of tokens per share faster, which increases the net asset value.

Sol is gaining ground in business stocks

Marcantonio further explained that ETH is already used a lot by institutions, while Sol is still in his growth phase. This means that reserve companies that are linked to the latter can benefit from the financial characteristics and expanding the acceptance.

BTC and ETH remain the dominant assets in business treasury, with more than 130 listed companies that keep the first and more than 40 that collect the latter as strategic reserves.

Flag ship companies such as Strategy and Metaplanet continue to build their positions in BTC, while others, such as Bitmine Immersion Technologies and Sharplink gaming, accumulate ETH. However, a new wave of Treasury companies also turns to SOL.

Upexi Inc., with more than 2 million of the cryptocurrency, is followed by Defi Development Corp., who reported nearly 1 million Sol in his treasury, and Sol Strategies Inc., who has 260,000 Sol in his books.