Japanese Gaming Company Invests in Solana Treasury
A Japanese gaming company, Mobcast Holdings, has announced plans to establish a Solana finance ministry, marking a significant milestone in the adoption of cryptocurrency. This move is part of a broader trend of companies investing in Solana, with the aim of strengthening their financial foundation and increasing shareholder value. 
Mobcast Holdings, listed on the Tokyo Growth Market, has introduced a dedicated unit called “Solana Treasury Business” to integrate SOL into its financial strategy. The company plans to raise 1.4 billion yen (approximately $10 million) through a combination of equity and unsecured corporate bonds to secure the funds required for the planned Sol investment. This financing model offers flexibility, with final exhibition methods subject to market conditions and regulatory approval.
Institutional Interest in Solana Treasury on the Rise
The inclusion of Solana in Mobcast’s finance ministry is part of a growing trend of public companies making aggressive bets on the cryptocurrency. Currently, almost 20 public companies have set up reserves holding SOL, with a total of 17.80 million SOL, representing 3.10% of the total supply. The largest holders include Forward Industries with 6.822 million SOL and SHARPS technology with 2.14 million SOL. Other notable participants include Solmate (Brera Holdings), Upexi, and Defi Development Corp.
This increasing institutional interest in Solana Treasury signals the cryptocurrency’s growing attractiveness as a financial asset, particularly for companies looking to adapt to future growth structures in the crypto market. Solana’s price has been on an upward trend in recent days, trading at $230 at the time of writing, with a daily gain of 2% and a weekly gain of 18%. The Solana price has the potential to rally to $250 if the buying pressure continues to rise.
Key Highlights
Key highlights of Mobcast’s investment in Solana Treasury include:
- Mobcast Holdings plans to invest $10 million in Solana through its Solana Treasury Business unit.
- The company will raise funds through a combination of equity and unsecured corporate bonds.
- The investment aims to strengthen Mobcast’s financial foundation and increase shareholder value.
- Institutional interest in Solana Treasury is on the rise, with almost 20 public companies holding SOL reserves.
For more information on Solana Treasury and the growing trend of institutional investment in cryptocurrency, visit https://crypto.news/solana-treasury-bets-gain-traction-as-japanese-firm-plans-10m-buy/
