TenX Expands Strategic Stake in Solana Ecosystem

Solana CRYPTO000SOL

TenX Protocols has significantly increased its exposure to Solana (SOL), deploying a substantial portion of its new holdings directly into the network's infrastructure. This move represents a deliberate long-term strategy focused on generating recurring yield, rather than a short-term trading position. The company aims to leverage staking rewards and ecosystem partnerships to create sustainable revenue streams.

This announcement coincides with notable institutional engagement on the Solana blockchain. A Solana weekly update dated February 15, 2026, highlighted several key developments: Citi executed a tokenized foreign exchange transaction natively on Solana, the Real-World Asset (RWA) total value locked (TVL) reached a new all-time high exceeding $1.66 billion, and details emerged regarding Goldman Sachs' SOL holdings ($108 million) alongside growing volumes for the BlackRock BUIDL fund on the network.

Within this landscape, TenX positions itself as an infrastructure provider, operating staking infrastructure and offering services for high-performance blockchain networks. The company's latest actions demonstrate how participants can utilize Proof-of-Stake systems for yield, network security contributions, and decentralization support.

Funding and Execution of the SOL Acquisition

The expansion was funded using cash reserves from a financing round that closed back in August 2025. According to a company statement released yesterday (February 18), TenX purchased an additional 6,271.67 SOL. These acquisitions, completed between January 2 and February 2, 2026, were executed through a combination of exchange and over-the-counter (OTC) transactions at an average price of approximately $132.34 per SOL.

This purchase brings TenX's total Solana holdings to roughly 26,122.05 SOL.

Strategic Delegation to BONK Validator

In a parallel strategic move, TenX has delegated approximately 10,000 SOL to the BONK validator. This continues the firm's collaboration with "BONK Contributors," a group of core actors and early developers within the BONK ecosystem.

CEO Mat Cybula explained that the company focuses on digital assets where it can play an operational role, such as through staking and ecosystem partnerships. This delegation is designed to generate protocol staking rewards while simultaneously providing support to the broader BONK ecosystem.

Furthermore, the announcement notes that TenX holds about 219 billion BONK tokens. This establishes the firm as a significant participant in the Solana-based memecoin environment and allows it to deploy these assets strategically to create recurring, on-chain yields.

Market Sentiment and Strategic Outlook

Despite this strategic buildup, TenX's share price continues to face headwinds. Currently, the stock trades at $81.47, marking a decline of 4.25% for the day. Over a 30-day period, the loss accumulates to nearly 39%, indicating that the market has recently adopted a more critical view of the company's narrative.

The critical test in the coming weeks will be whether TenX can successfully translate its combination of a larger SOL position, validator delegation, and ecosystem partnerships into predictable, recurring revenue from staking and infrastructure services—the clear objective of its stated strategy.