Japan’s Mobcast Holdings has joined a growing list of firms embracing digital asset treasury models. The Tokyo Growth Market-listed company announced plans to integrate a Solana (SOL)-based treasury strategy to strengthen its financial position and sustain its listing amid evolving stock exchange standards. This move mirrors earlier initiatives by Metaplanet in Japan and several U.S. firms adopting Bitcoin as part of their balance sheet strategy. Solana Treasury Plan and Fundraising Goals According to Coindesk Japan data, Mobcast said its Solana Treasury Business will support long-term growth while enhancing shareholder value. The company aims to raise approximately 1.4 billion yen through the issuance of new stock acquisition rights and corporate bonds. Proceeds will be allocated to reinforce its treasury and business operations. The primary recipients of the shares are EVO FUND and Mobcast CEO Takaki Yabu. Founded in 2004, Mobcast’s strategy marks a major shift toward blockchain integration. The firm plans to align its new Solana initiative with its Social Entertainment and Media segment, creating a “virtuous cycle” between technology adoption and corporate expansion. Consequently, Mobcast joins the emerging class of Digital Asset Treasury Companies (DATCOs) firms leveraging crypto holdings to boost liquidity, market visibility, and shareholder confidence. Solana Price Outlook Remains Bullish Meanwhile, Solana (SOL) has maintained a steady uptrend despite minor intraday corrections. The token traded around $228 , marking a 1.14% daily drop but a 13.71% weekly gain, with a market cap of $124.8 billion. Market analysts suggest that a sustained rally could emerge if the token closes the week above the key $260 resistance. According to analyst Ali Martinez, a decisive breakout beyond this level may trigger an extended move toward $520, aligning with Fibonacci extension projections. Martinez noted that maintaining support above $200 will be essential to preserve the bullish structure. This trend reflects growing institutional interest in Solana’s network strength and scalability upgrades. Source: X Long-Term Projections Suggest Exponential Growth Analyst curb.sol identifies a broader “cup and handle” pattern forming on Solana’s multi-year chart. The formation, which began after its 2021 peak, suggests a potential long-term breakout if the price exceeds $260–$300. A confirmed move above this range could establish the foundation for a parabolic rally, with an ambitious technical target of $10,000 by 2030.
