#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Solana on Its Way to Flip Ethereum, According to Anthony Scaramucci
Former White House Communications Director Anthony Scaramucci has predicted that Solana (SOL) is on track to flip Ethereum (ETH) by market capitalization.
“I think SOL will flip ETH,” Scaramucci told an audience at the DigiAssets 2025 conference, while acknowledging that “I don’t really have an opinion on ETH.”
The SkyBridge Capital founder did not give a timeline for when the flippening will take place
Scaramucci said he got into the crypto industry late, with his first cryptocurrency investment being in 2020. He noted that he “didn’t really get on board” with Ethereum, explaining that he doesn’t have a “negative opinion” of the world’s second-largest cryptocurrency. “I just understand the Solana story a little bit better,” he added.
According to Scaramucci, SkyBridge currently has “nine figures on the corporate balance sheet in Bitcoin and Solana.”
Is Solana The Next Ethereum?
After hitting an all-time high of over $293.31 in January 2025, Solana, popularly known as the “Ethereum killer,” has slumped to approximately $145, trading down 21% year to date. Ethereum, meanwhile, is down by 23% since the beginning of 2025
SOL and Ether currently boast market caps of $302 billion and $76.8 billion, respectively
Meanwhile, British multinational bank Standard Chartered believes Solana will underperform against Ethereum over the next “two to three years.” The bank’s analysts previously forecasted that Solana would hit $275 by year’s end and $500 by the end of 2029, while Ethereum would reach $4,000 in 2025 and smash $7,500 in 2029. They claimed that the Solana blockchain has seen “declining usage” after the fading of the meme coin craze that drove it to new highs, with scaling hurdles barring it from attaining wider utility than its current meme coin focus.
That said, the potential approval of a SOL spot exchange-traded fund (ETF) by the US Securities and Exchange Commission could be the most significant short-term catalyst for the sixth-largest cryptocurrency.