US Solana treasury firms sit on $1.5B losses; accumulation paused since Oct 2025

Publicly listed U.S. companies holding Solana as treasury assets collectively sit on more than $1.5 billion in unrealized losses, measured against disclosed acquisition costs and current prices. Accumulation concentrated between July and October 2025 and has stopped since, while several issuers now trade at equity values below their SOL holdings, reflecting pressure on SOL-heavy balance sheets.