Solana continues to attract major institutional capital, fueling speculation that the token could rally toward $300 in the coming months. The latest high-profile move came from Fitell, an Australian fitness company listed on Nasdaq, which secured a $100 million loan to invest in Solana. The firm even announced plans to rebrand as Solana Australia Corporation to reflect its long-term commitment to the ecosystem.
Fitell is not alone. Several Nasdaq-listed companies and investment groups have recently accelerated their Solana-focused strategies:
- On September 23, Brera Holdings (NASDAQ: BREA) closed an oversubscribed $300M PIPE deal, led by UAE-based Pulsar Group with participation from Ark Invest and RockawayX. All funds were allocated to SOL purchases.
- On September 15, Helius Medical Technologies secured $500M, led by Pantera Capital, to build a Solana treasury.
- Forward Industries redirected its corporate strategy entirely toward Solana, allocating $4 billion to the network. The firm now holds over 6.8M SOL (~$1.58B), making it one of the largest corporate holders.
- Additional entrants include BIT Mining and Upexi Inc., whose executives note that more Nasdaq companies see strategic value in Solana’s ecosystem.
Technical Outlook: $300 in Sight?
Analyst Ali Martinez points to a strong bullish setup on SOL’s charts, with a TD Sequential buy signal and a short-term target at $250.
The SOL/USDT chart has been trading in an ascending channel since early August. While resistance at $250 has twice rejected upward momentum, the current pullback toward the $208 support zone may pave the way for another attempt higher.
Key Scenarios:
- Holding above $208 could trigger a rebound toward $230 and eventually $250.
- A breakdown below $208 risks declines to $185 or, in an extreme bearish case, $162.
Best Wallet: A Secure Option for SOL Holders
With institutional interest rising, secure storage becomes crucial. Best Wallet has emerged as a versatile solution for crypto investors, integrating 300+ DEXs and supporting 60+ blockchains. The platform also offers ICO access, staking options, and competitive crypto purchases via Onramper.
Its native token, $BEST, is currently available at $0.025585, ahead of exchange listings. The wallet’s security has been verified by Coinsult, making it a trusted choice for both retail and institutional investors.
As corporate treasuries increasingly accumulate SOL, and momentum builds on the charts, the question remains: Can Solana hit $300 before the year ends?
