So I recently sat down to watch this fascinating conversation between Michael from Boxmining and Bartosz Lipiński, the CEO and Co-Founder of Cube Exchange, and honestly it got me thinking about where crypto is really headed. If you haven’t been paying attention to Digital Asset Treasuries (DATs) and what’s happening on Solana, you’re missing one of the biggest shifts in how companies are thinking about blockchain capital.
Who Is Bartosz Lipiński and What Is Cube Exchange?
Bartosz Lipiński isn’t just another crypto CEO. The guy was at Citadel building trading systems before jumping into Solana during the DeFi summer. He joined Solana Labs early on, created the NFT standard that powers Metaplex (which handles 99% of NFTs on Solana), and launched the famous Solana Hacker House program that ran 25+ events worldwide. After all that, he founded Cube Exchange — a centralized exchange that’s genuinely crypto-native.
What makes Cube different from the 700+ exchanges out there? It combines the speed of traditional finance (we’re talking microsecond execution, up to 40x faster than industry standard) with actual Web3 security through MPC vaults. Users keep custody of their assets while getting institutional-grade trading. It supports cross-chain spot trading of native Bitcoin, Ethereum, and Solana assets without wrapped tokens or bridges. Post-FTX, that kind of architecture matters more than ever.
The Rise of Solana Digital Asset Treasuries
The real meat of this conversation is about Digital Asset Treasuries, or DATs. Think of them as the Solana version of what Michael Saylor did with MicroStrategy and Bitcoin. Publicly traded companies are now holding massive amounts of SOL on their balance sheets, giving traditional investors exposure to Solana’s ecosystem through equity ownership.
And the numbers are staggering. As of early 2026, there are at least 19 companies with formal Solana DAT strategies. Forward Industries (FORD) leads the pack with over 6.97 million SOL — raised through a $1.65 billion PIPE deal backed by Galaxy Digital, Jump Crypto, and Multicoin Capital. Behind them, Sharps Technology, DeFi Development Corp, and Upexi each hold roughly 2 million SOL. Collectively, Solana DATs hold about 15.4 million SOL, representing 2.5% of the network’s total supply.
For context, Strategy (formerly MicroStrategy) owns about 3% of all Bitcoin. Solana DATs are rapidly approaching similar territory, and with hundreds of millions in undeployed capital still on the sidelines, that percentage is only going up.
Cube Group’s DAT 2.0 Strategy
This is where Bartosz and Cube Group are making serious moves. In December 2025, Cube Group partnered with Mangoceuticals (NASDAQ: MGRX) to launch an up to $100 million Solana-focused DAT strategy. But it’s not just about buying and holding SOL — they’re calling it “Digital Asset Treasury 2.0.”
The strategy includes actively managed SOL staking targeting 7-20% annualized yields, tokenized asset integration, DeFi infrastructure deployment, and stablecoin treasury tools. Mangoceuticals even filed a trademark for “MULTI-DAT,” a framework covering virtual currency transactions, portfolio management, and blockchain-based operations.
As Bartosz put it: “This initiative not only capitalizes on Solana’s superior yield opportunities but also sets a new standard for corporate crypto strategies, paving the way for exponential growth in a rapidly evolving market.”
Why Solana for Corporate Treasuries?
The conversation digs into why Solana specifically is attracting this wave of institutional capital. A few key reasons stand out:
Native yield opportunities. Unlike Bitcoin, staked SOL generates real returns. Validators on Solana earn roughly 6-7% APY before additional DeFi strategies, which can push yields to 20% or more. For a corporate treasury, that’s a compelling alternative to sitting in low-yield bonds.
Ecosystem momentum. Solana has emerged as the dominant high-throughput blockchain with strong developer adoption, massive user activity, and a rapidly expanding DeFi ecosystem. When companies like Forward Industries raise $1.65 billion specifically for SOL, it signals serious institutional confidence.
The MicroStrategy playbook works. Strategy proved that a publicly traded company can use equity markets to accumulate crypto and create a leveraged, high-beta proxy for investors. Now that playbook is being applied to Solana, and the market is responding. 58% of Solana DAT companies are US-based, with 63% listed on Nasdaq.
What This Means for the Future
The DAT trend is accelerating fast. New announcements are emerging almost daily, and the landscape is evolving from simple “buy and hold SOL” strategies to sophisticated treasury management involving staking, DeFi yield farming, tokenized assets, and cross-chain operations. Cube Group is positioning itself at the center of this evolution, leveraging Bartosz’s deep Solana roots and traditional finance expertise.
What I find most interesting is how this bridges the gap between TradFi and crypto. Regular investors who can’t or won’t set up a Phantom wallet and stake SOL themselves can now get exposure through NASDAQ-listed equities. That’s a massive unlock for adoption.
The conversation also touches on the broader crypto market dynamics — how institutional capital is quietly reshaping the landscape while crypto Twitter focuses on memes and liquidations. The smart money is building treasury infrastructure, and Cube Exchange is right in the middle of it.
Final Thoughts
If you’re sleeping on the Solana DAT narrative, I’d suggest waking up. With 15.4 million SOL already locked in corporate treasuries and billions more in capital waiting to deploy, this isn’t a speculative trend — it’s becoming a fundamental part of how institutions interact with blockchain. Bartosz Lipiński and Cube Group are building the tools and partnerships to make it happen, and this conversation is a great primer on where it’s all heading.
Check out the full video above for the complete discussion, and keep an eye on Cube Exchange as they continue to push the boundaries of what a crypto exchange and treasury management platform can be.
Michael Gu
Michael Gu, Creator of Boxmining, stared in the Blockchain space as a Bitcoin miner in 2012. Something he immediately noticed was that accurate information is hard to come by in this space. He started Boxmining in 2017 mainly as a passion project, to educate people on digital assets and share his experiences. Being based in Asia, Michael also found a huge discrepancy between digital asset trends and knowledge gap in the West and China.