Thanks to Bitcoin's success, Solana has been on the rise lately - last week, several organizations and venture capital firms announced investments in the Solana ecosystem totaling $1 billion.

Three organizations have announced $100 million in Solana cryptocurrency purchases. Investment firm GSR has made a $100 million private investment in brand developer and distributor UPEXI. Most of the funds are intended to accumulate Solana-based assets.

Seoul-based cryptocurrency payment provider BAstra Fintech has launched a $100 million fund to accelerate innovation initiatives built within the Solana ecosystem. The fund aims to “identify and support high-potential builders, startups, and innovative projects within the rapidly expanding Solana network.”

Finally, Michael Novogratz's Galaxy Digital exchanged $100 million ETH for SOL on the Binance crypto exchange, the transactions took two weeks.

On April 23, Canada's SOL Strategies announced that it had received up to $500 million from New York-based investment firm ATW Partners, which will be used to purchase SOL tokens and earn staking rewards.

On April 24, Prague-based venture capital firm RockawayX launched another fund to provide Solana developers with another $125 million. The funds will finance revenue-generating projects, with two-thirds of the funds going to early-stage seed startups.