Phoenix Group has announced the establishment of a treasury worth over $1.5 billion in Bitcoin and SOL.

BlockBeats News, July 31st, UAE-based cryptocurrency, blockchain, and digital asset infrastructure company Phoenix Group announced the official establishment of a treasury worth over $150 million in Bitcoin and Solana. Phoenix Group currently holds 514 BTC and over 630,000 SOL as part of its long-term reserves.

Source

Correction/Report

RelatedRecommended

Phoenix Meme Coin, PHNX Launches with Innovative Token Economics and Community Focus

What's the Background of the 18 SOL Treasury Companies?

18 companies have participated in the Solana ecosystem by establishing a Solana Treasury, staking SOL tokens, launching Solana-based financial strategies, among other means. Some companies have seen a significant increase in their stock price through these strategies.

Multicoin Co-founder: Why is SOL Considered DAT’s Best Asset?

SOL possesses several unique attributes lacking in BTC and ETH, and it can generate actual returns through staking.

Understand the newly established Phoenix Labs and Spark Protocol of MakerDAO

VanEck: Why did we apply for the SOL ETF?

SOL may reach $3,211 per coin in 2030

On-Chain Activity