CoinGecko data shows U.S.-listed companies hold 12 million SOL, incurring heavy paper losses as prices tumble, highlighting corporate vulnerability to crypto market volatility.
US-listed companies collectively hold over 12 million Solana (SOL), about 2% of the total supply, and face more than $1.5 billion in unrealized losses due to recent price drops. According to CoinGecko, Forward Industries holds 6.9 million SOL at an average acquisition cost of $230, resulting in over $1 billion in paper losses. Sharps Technology has similarly experienced steep declines in its holdings. The sell-off in SOL has significantly impacted corporate balance sheets, emphasizing the risks of large-scale crypto exposure in volatile markets.