Publicly traded U.S. companies holding Solana (SOL) as an asset are currently facing over $1.5 billion in paper losses. These companies collectively hold over 12 million SOL, representing approximately 2% of the total supply. Due to the market price decline, their share prices are significantly lower than the token's value, limiting their fundraising capabilities. CoinGecko data shows that Forward Industries, Sharps Technology, DeFi Development Corp, and Upexi have paper losses exceeding $1.4 billion. Forward Industries alone holds 6.9 million SOL at an average cost of approximately $230, resulting in a paper loss exceeding $1 billion. (Cointelegraph)