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Japanese gaming firm Mobcast adopts Solana as treasury asset
Tokyo Growth Market-listed Mobcast Holdings has unveiled a new Solana treasury strategy, announcing plans to acquire roughly $10 million worth of SOL as it seeks to diversify corporate reserves and enhance shareholder value. The move adds momentum to a growing trend of public companies allocating part of their balance sheets to cryptocurrencies.
Funding plan and structure
According to reporting from CoinDesk Japan, Mobcast intends to raise around 1.4 billion yen (~$10 million) through a mix of new share issuance and unsecured corporate bonds. The company says final financing methods will depend on market conditions and necessary regulatory approvals. This dual funding approach is intended to give Mobcast flexibility while preserving liquidity and listing compliance.
Why Solana?
Mobcast’s decision highlights Solana’s rising profile as a corporate treasury asset. With an expanding ecosystem of decentralized apps, fast transaction throughput, and growing institutional interest, SOL has become an attractive option for firms looking to align corporate treasuries with long-term crypto market growth. Mobcast joins nearly 20 other listed companies that now hold SOL, collectively accounting for roughly 17.8 million SOL—about 3.10% of total supply.
Market impact and industry context
Institutional accumulation has supported SOL’s recent price momentum. At press time, Solana traded near $230, up about 2% on the day and roughly 18% on the week, with analysts noting potential upside toward $250 if buying pressure continues. Major institutional holders include Forward Industries, Sharps Technology, Solmate (Brera Holdings), Upexi, and DeFi Development Corp, underscoring the shift from retail-driven demand to strategic corporate treasury allocations.
Corporate treasury strategy and investor implications
Mobcast said the initiative aims to strengthen its financial foundation, boost shareholder returns, and maintain public listing standards while positioning the company to benefit from broader blockchain adoption. For investors, corporate crypto reserves can signal confidence in a protocol’s long-term prospects, though they also introduce volatility and regulatory considerations that boards and stakeholders must manage carefully.
What to watch next
Key next steps include Mobcast’s formal capital raise, disclosure of exact purchase timing, and ongoing market reaction to corporate treasury purchases. Continued institutional adoption and potential ETF developments for Solana could further influence SOL price action. For market participants and crypto-focused investors, Mobcast’s announcement is another data point in the evolving narrative of blockchain assets becoming mainstream corporate balance-sheet instruments.
Source: crypto
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