SOL's rally to $120 is renewing interest in Solana treasury stocks. HSDT (@Solana_Company) and STKE (@solstrategies) are above 1.5× mNAV, a market-value-to-net-asset-value measure, while @defidevcorp stands at 0.99×. DFDV and FWDI (@FWDind) have already raised funds to purchase additional SOL, and more companies could enter the market if valuations remain at current levels.