Solana hits $120 as public-company treasuries top 17 million SOL
- —Solana trades near $120, a nine-month high
- —Public companies hold over 17 million SOL worth $2B+
- —Forward Industries holds 7.55–8.16 million SOL, raised $25 million
- —Solana Company reported a $130.1 million H1 2026 net loss
Why it matters: Heavy SOL concentration on public-company balance sheets raises the risk of cascading liquidations if forced selling occurs.
Source: Crypto Briefing