Solana Treasury reported a loss of over $1.5 billion, and related companies' stock prices fell by 59%-80%.

PANews reported on February 10th that, according to Cointelegraph, publicly traded U.S. companies that publicly hold Solana (SOL) as an asset are currently facing book losses exceeding $1.5 billion. These companies collectively hold over 12 million SOL, representing approximately 2% of the total supply. Due to the market price decline, the share prices of these companies are significantly lower than the value of their tokens, limiting their fundraising capabilities.

According to CoinGecko data, Forward Industries, Sharps Technology, DeFi Development Corp, and Upexi have suffered paper losses exceeding $1.4 billion. Forward Industries alone holds 6.9 million SOL tokens at an average cost of approximately $230 each, resulting in a paper loss exceeding $1 billion. Sharps Technology's SOL, purchased for $389 million, is now worth only about $169 million, a drop of over 56%.

In addition, Solana Company has purchased a total of 2.3 million SOL tokens, but has suspended further purchases since October 2025. Over the past six months, the share prices of these companies have fallen between 59% and 80%, generally less than the decline in SOL's own share price. Currently, SOL is priced at approximately $83.95, and the market's repricing of the balance sheets of companies holding the token may signal the arrival of an "asset winter."