Another entity is using Altcoin instead of $BTC as a treasury.
@FWDind is the @MicroStrategy version of $SOL.
$1.58 billion to buy ~6.82 million $SOL = DCA price is 232.
This is one of the largest $SOL purchases ever made by the organization backed by Galaxy Digital, Jump Crypto, and Multicoin Capital.
The funding model → buy SOL → staking, lending, supporting the ecosystem <=> what MicroStrategy did with $BTC.
The difference is that they are not just buying and holding but can also implement staking, lending, or support projects within the $SOL ecosystem.
It's no longer just $BTC dominating, but $ETH and $SOL are also entering the treasury era.
$SOL surpasses $BNB
$SOL has officially surpassed the Market Cap of $BNB, reaching the Top 5 with over $126B.
TVL of $SOL has also just broken its ATH at $13B, fees are increasing, and projects like $PUMP, Jupiter, and Meteora are benefiting greatly. $PUMP is even ranked number 1 in revenue, with its chart doubling compared to the average of the chain.
When the flow of money has proven the strength of this BNB killer, it is no longer just a meme but is becoming a reality.
It's just a matter of time before $500 is here soon.
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