tl;dr
Cantor Fitzgerald initiated coverage on three public companies with significant Solana reserves—DeFi Development Corp (DFDV), Upexi (UPXI), and SOL Strategies (HODL)—rating them "overweight" and predicting up to 75% stock price increases. The bank favors Solana over Ethereum, citing Solana's efficie...
Cantor Fitzgerald has initiated "overweight" coverage on three public companies—DeFi Development Corp (DFDV), Upexi (UPXI), and SOL Strategies (HODL)—due to their substantial reserves of Solana (SOL) and the potential for up to 75% stock appreciation. This move signals strong confidence in these firms' prospects and their exposure to the fast-growing Solana blockchain network.
The investment bank favors Solana's blockchain technology over Ethereum, emphasizing Solana’s efficient all-in-one Layer-1 design that provides faster and cheaper transactions without the need for external scaling solutions. Cantor analysts argue that Solana outperforms Ethereum across key technical metrics, benefiting from its unified approach and low transaction fees.
These Solana treasury companies stand out because of their staking capabilities, allowing them to earn rewards and organically increase their SOL holdings. This factor justifies valuations above the intrinsic value of their Solana reserves. Among the trio, DeFi Development Corp is uniquely positioned with an experienced management team and ownership of Solana validator nodes, which strengthen its infrastructure and revenue streams.
Upexi holds the largest Solana balance and benefits from its U.S. market exposure, while SOL Strategies operates multiple validators and has forged key ecosystem partnerships, enhancing its strategic footprint within the Solana environment. Cantor’s analysts suggest these companies could represent the "next generation" of Bitcoin-style corporate reserve investments, akin to firms that hold cryptocurrency as a strategic asset on their balance sheets.
Current price targets set by Cantor are $45 for DFDV, $16 for UPXI, and C$4 (approximately US$2.95) for HODL, reflecting expected substantial upside from present market prices. This analysis underscores growing institutional interest in blockchain stocks linked directly to major crypto networks, as investors seek innovative ways to capitalize on emerging trends within decentralized finance and blockchain technology.