Solana treasury firms accumulate as new member enters the space

Meanwhile, meme coin launchpads execute their buyback initiatives.

8/5/25 11:09AM

Solana has yet to recover from its 10.6% drop-off in the last seven days. Despite the recent price flop, a number of players in the solana ecosystem have been making moves:

Upexi announced Tuesday morning that it holds over 2 million solana tokens valued at $334 million, representing a 172% increase since the end of June. The solana-focused treasury company said it was earning an 8% yield from staking a substantial amount of its tokens, generating $65,000 a day in revenue.
DeFi Development Corp. announced growing its treasury holdings by 110,466 solana tokens or $18.4 million, bringing its total to nearly 1.3 million. The tokens will be staked to a number of validators to generate native yield, according to a Monday press release.
Clinical-stage pharmaceutical company Artelo Biosciences announced adopting solana as a core reserve asset in a Monday press release. The firm aims to use $10.9 million in proceeds stemming from private placements to jumpstart its solana treasury strategy, making it the first publicly traded pharmaceutical company to adopt solana. Shares of Artelo Biosciences are down on the news.
Meme coin factory Pump.Fun continued its buyback program. Since July, the platform has purchased $23 million worth of PUMP tokens. “Pump.fun currently expects to use substantially all net revenue for strategic investments,” its revenue dashboard states.
The buyback and burn wallet for the LetsBonkFun token launchpad burned 300 billion Bonk tokens (roughly $7.6 million) on Monday, on-chain data from blockchain explorer Solscan shows. Despite the burn, the meme coin is down 6.5% in the last 24 hours and 20.9% in the past seven days, per CoinGecko.
In lighter news, basketball legend turned crypto enthusiast Scottie Pippen shared this post:

It happened again… Satoshi Nakamoto showed up in my dream. This time, he left a special gift. I woke up, opened the box, and BOOM… a SOLANA #33 jersey. 🔥

This is dope, but what’s Satoshi trying to tell me? Any ideas?? 👀🏀 @solana pic.twitter.com/686I046Nih
— Scottie Pippen (@ScottiePippen) August 4, 2025

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Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants.

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platform’s goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post.

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The token’s all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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