Cantor Fitzgerald sees Solana outperforming Ethereum as a treasury asset due to faster transactions, developer growth, and staking efficiency.
DeFi Development, Upexi, and SOL Strategies are forecasted to raise $250M each annually through capital markets with high NAV premiums.
Solana’s staking model allows treasury firms to grow SOL-per-share without dilution, creating an advantage over Bitcoin and Ethereum reserves.
Cantor Fitzgerald has expressed confidence in Solana (SOL) as a viable treasury asset, citing rising developer activity and liquidity advantages over Ethereum. The firm believes Solana could follow a similar corporate accumulation model as Bitcoin.
Cantor Fitzgerald Positions Solana Ahead of Ethereum for Treasuries
Cantor Fitzgerald analysts stated that Solana "makes sense" as a treasury asset despite Ethereum’s broader adoption. The firm pointed to developer growth on the Solana blockchain surpassing that of Ethereum as one of the main indicators of potential.
According to Bloomberg, Thomas Shinske, the lead analyst, noted that Solana offers faster and cheaper transactions along with staking capabilities, allowing treasury companies to grow SOL-per-share without share dilution. He added that the combination of staking and treasury operations gives Solana treasury firms a stronger capacity to grow their holdings compared to Bitcoin-focused companies.
Crypto treasury firms typically trade at a premium to their net asset value, and Shinske suggested this premium is more applicable to Solana holders. He attributed this to assumptions around long-term accumulation and the asset’s volatility, which can offer potential upside for investors seeking exposure.
Cantor Fitzgerald initiated coverage on three Solana-focused public companies: DeFi Development Corp., Upexi Inc., and SOL Strategies Inc. All three are projected to raise $250 million in annual capital markets proceeds through premium offerings based on their NAV.
DeFi Development Corp. was identified as the best-positioned company, with the ability to raise funds at a 250% premium. Shinske cited its access to US capital markets and a crypto-native management team as key strengths. He expects the company to make investments that improve its SOL-per-share ratio while advancing its position in the Solana ecosystem.
Upexi Inc., which operates as an e-commerce company and holds a Nasdaq listing, is seen as having strong capital-raising potential even with a lighter presence in the Solana network. The company is projected to raise capital at a 200% premium annually, leveraging its US market access to fund further expansion.
SOL Strategies Inc., a Canadian-based treasury and staking firm, is nearing a US listing. Shinske described it as the most forward-thinking in terms of innovation, though less aggressive in open-market SOL acquisitions. He expects it to also raise $250 million yearly at a 250% premium once listed in the US.
SOL’s Volatility Remains, But Potential Draws Institutional Interest
Despite its volatility and lower total value locked compared to Ethereum, Solana is gaining traction as a treasury asset. At the time of analysis, SOL traded near $152, while ETH stood at $2,577 and Bitcoin at $106,627.
Shinske emphasized that Solana’s unique structure allows investors to gain exposure and enjoy tax benefits not always available through direct ownership. With staking and improved liquidity, treasury companies could potentially follow a Bitcoin-style playbook—accumulating SOL to increase per-share value over time.
Following the report, DeFi Development shares climbed as much as 19%, Upexi gained 12%, and SOL Strategies rose by 9.4%. While SOL has declined 19% year-to-date, it remains on the radar of institutional analysts as a promising treasury reserve asset.
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Cantor Fitzgerald Backs Solana Over Ethereum as Preferred Treasury Asset
Cantor Fitzgerald sees Solana outperforming Ethereum as a treasury asset due to faster transactions, developer growth, and staking efficiency.
DeFi Development, Upexi, and SOL Strategies are forecasted to raise $250M each annually through capital markets with high NAV premiums.
Solana’s staking model allows treasury firms to grow SOL-per-share without dilution, creating an advantage over Bitcoin and Ethereum reserves.
Cantor Fitzgerald has expressed confidence in Solana (SOL) as a viable treasury asset, citing rising developer activity and liquidity advantages over Ethereum. The firm believes Solana could follow a similar corporate accumulation model as Bitcoin.
Cantor Fitzgerald Positions Solana Ahead of Ethereum for Treasuries
Cantor Fitzgerald analysts stated that Solana "makes sense" as a treasury asset despite Ethereum’s broader adoption. The firm pointed to developer growth on the Solana blockchain surpassing that of Ethereum as one of the main indicators of potential.
According to Bloomberg, Thomas Shinske, the lead analyst, noted that Solana offers faster and cheaper transactions along with staking capabilities, allowing treasury companies to grow SOL-per-share without share dilution. He added that the combination of staking and treasury operations gives Solana treasury firms a stronger capacity to grow their holdings compared to Bitcoin-focused companies.
Crypto treasury firms typically trade at a premium to their net asset value, and Shinske suggested this premium is more applicable to Solana holders. He attributed this to assumptions around long-term accumulation and the asset’s volatility, which can offer potential upside for investors seeking exposure.
Solana Treasury Companies Receive Overweight Coverage
Cantor Fitzgerald initiated coverage on three Solana-focused public companies: DeFi Development Corp., Upexi Inc., and SOL Strategies Inc. All three are projected to raise $250 million in annual capital markets proceeds through premium offerings based on their NAV.
DeFi Development Corp. was identified as the best-positioned company, with the ability to raise funds at a 250% premium. Shinske cited its access to US capital markets and a crypto-native management team as key strengths. He expects the company to make investments that improve its SOL-per-share ratio while advancing its position in the Solana ecosystem.
Upexi Inc., which operates as an e-commerce company and holds a Nasdaq listing, is seen as having strong capital-raising potential even with a lighter presence in the Solana network. The company is projected to raise capital at a 200% premium annually, leveraging its US market access to fund further expansion.
SOL Strategies Inc., a Canadian-based treasury and staking firm, is nearing a US listing. Shinske described it as the most forward-thinking in terms of innovation, though less aggressive in open-market SOL acquisitions. He expects it to also raise $250 million yearly at a 250% premium once listed in the US.
SOL’s Volatility Remains, But Potential Draws Institutional Interest
Despite its volatility and lower total value locked compared to Ethereum, Solana is gaining traction as a treasury asset. At the time of analysis, SOL traded near $152, while ETH stood at $2,577 and Bitcoin at $106,627.
Shinske emphasized that Solana’s unique structure allows investors to gain exposure and enjoy tax benefits not always available through direct ownership. With staking and improved liquidity, treasury companies could potentially follow a Bitcoin-style playbook—accumulating SOL to increase per-share value over time.
Following the report, DeFi Development shares climbed as much as 19%, Upexi gained 12%, and SOL Strategies rose by 9.4%. While SOL has declined 19% year-to-date, it remains on the radar of institutional analysts as a promising treasury reserve asset.
The post Cantor Fitzgerald Backs Solana Over Ethereum as Preferred Treasury Asset appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.