Recently, a platform named Strategic Sol Reserve revealed the amount of Solana (SOL) held by U.S. companies. According to their data, thirteen companies and institutions collectively hold 8.27 million SOL, worth approximately $1.72 billion, representing 1.44% of the total supply, with 585,000 SOL already staked. Leading holders include Sharps Technology (2.14M SOL), Upexi (2M SOL), DeFi Development Corp (1.42M SOL, with 158,886 staked), Mercurity Fintech (1.08M SOL), and iSpecimen (1M SOL). Solana is currently trading around $207.75.

Solana is expanding its consumer hardware and Web3 gaming presence with the upcoming launch of the PSG1 handheld gaming console on October 6. The device features an eight-core ARM processor, 8GB RAM, Wi-Fi, Bluetooth, a touchscreen, and a built-in hardware wallet with fingerprint authentication for secure crypto storage. A limited NFT collection provides 2,000 holders early access and ecosystem benefits. This follows previous Solana hardware ventures, including the Saga and Seeker smartphones, signaling a growing focus on Web3 gaming and consumer products, a trend other ecosystems like Sui are also pursuing.

The ecosystem is also facing governance debates. Kevin Ricoy, founder of Allmight, called for the Solana Foundation to set a shutdown date, criticizing it as disconnected, elitist, and overly centralized, and suggested redistributing resources to independent teams and local initiatives. Defenders, including Jupiter’s Kash Dhanda and Solana Foundation’s Akshay BD, emphasized the foundation’s key role in community growth, developer support, and attracting institutional interest through events like Breakpoint. The debate underscores the need for Solana to balance centralized coordination with grassroots innovation as it continues to expand in both hardware and blockchain development.