Blab Crypto
Mark Yusko Exits Majority of Solana Holdings, Keeps Half His Wealth in Bitcoin
Mark Yusko, the chief investment officer of Morgan Creek Capital Management, has cut his Solana (SOL‑USD) position by roughly 90 percent, a move that came after the token delivered a near 1,000‑fold return since its 2020 launch.
According to reports from Yahoo Finance and Seeking Alpha, Yusko’s divestiture followed a wave of “excessive market optimism” around Solana, which he linked to an extravagant industry party that he said was a symptom of inflated expectations. He also pointed to the network’s token economics, noting that SOL holders do not receive a share of the platform’s revenue. Real‑economic‑value (REV) data from Blockworks shows that the portion of REV flowing back to token holders—token holder net income—is a small fraction of total network revenue, even though Solana’s network revenue share reached 16.5 % of all blockchain revenue in July 2026.
In contrast, Yusko remains bullish on Bitcoin (BTC‑USD). He said he keeps about 45 % of his personal portfolio in Bitcoin and related securities, 45 % in venture‑capital investments, and 10 % in cash or liquid assets. The CIO has repeatedly described Bitcoin as a scarce monetary asset and an inflation hedge, advocating gradual accumulation and estimating its fundamental value to be higher than current market prices, with network adoption as a key driver.
Yusko has also warned that Bitcoin could fall to around $60 000—a significant decline from recent highs. This cautionary note, reported by multiple outlets including Yahoo Finance and Seeking Alpha, frames short‑term volatility rather than a long‑term outlook.
Solana’s trajectory has been one of rapid growth and volatility. After a successful funding round in 2021, SOL’s price surged nearly 12,000 % that year, pushing the platform’s market capitalization above $70 billion. The network has since faced a major wallet hack in 2022, a price collapse following the FTX bankruptcy, and regulatory scrutiny from the U.S. Securities and Exchange Commission.
Yusko’s portfolio shift reflects a broader trend among institutional investors rebalancing exposure to high‑growth but high‑risk assets. Morgan Creek’s investment strategy has historically focused on alternative assets, and the firm’s recent allocation to Bitcoin aligns with a growing consensus that scarcity and network effects can provide long‑term value.
As of September 6 2026, Yusko’s public statements indicate that he has positioned roughly half of his net worth in Bitcoin and related assets, while the majority of his remaining holdings are in venture‑capital ventures. The Solana sale was completed in the first quarter of 2026, and no further changes to his Bitcoin allocation have been announced.
The move underscores the ongoing debate over the value proposition of network‑token models versus traditional scarcity‑based assets. While Solana’s network revenue share has been strong, the lack of a direct revenue‑sharing mechanism for token holders remains a point of contention for investors.
In the coming months, market participants will watch how Solana’s network metrics evolve and whether the platform can translate its high revenue share into tangible returns for token holders. Meanwhile, Bitcoin’s price trajectory will be closely monitored as the asset approaches the $60,000 threshold that Yusko has identified as a potential downside.
The situation remains fluid, with no definitive resolution on either side. Investors and analysts will continue to assess the relative merits of Solana’s growth model against Bitcoin’s scarcity thesis as the broader crypto ecosystem matures.
According to reports from Yahoo Finance and Seeking Alpha, Yusko’s divestiture followed a wave of “excessive market optimism” around Solana, which he linked to an extravagant industry party that he said was a symptom of inflated expectations. He also pointed to the network’s token economics, noting that SOL holders do not receive a share of the platform’s revenue. Real‑economic‑value (REV) data from Blockworks shows that the portion of REV flowing back to token holders—token holder net income—is a small fraction of total network revenue, even though Solana’s network revenue share reached 16.5 % of all blockchain revenue in July 2026.
In contrast, Yusko remains bullish on Bitcoin (BTC‑USD). He said he keeps about 45 % of his personal portfolio in Bitcoin and related securities, 45 % in venture‑capital investments, and 10 % in cash or liquid assets. The CIO has repeatedly described Bitcoin as a scarce monetary asset and an inflation hedge, advocating gradual accumulation and estimating its fundamental value to be higher than current market prices, with network adoption as a key driver.
Yusko has also warned that Bitcoin could fall to around $60 000—a significant decline from recent highs. This cautionary note, reported by multiple outlets including Yahoo Finance and Seeking Alpha, frames short‑term volatility rather than a long‑term outlook.
Solana’s trajectory has been one of rapid growth and volatility. After a successful funding round in 2021, SOL’s price surged nearly 12,000 % that year, pushing the platform’s market capitalization above $70 billion. The network has since faced a major wallet hack in 2022, a price collapse following the FTX bankruptcy, and regulatory scrutiny from the U.S. Securities and Exchange Commission.
Yusko’s portfolio shift reflects a broader trend among institutional investors rebalancing exposure to high‑growth but high‑risk assets. Morgan Creek’s investment strategy has historically focused on alternative assets, and the firm’s recent allocation to Bitcoin aligns with a growing consensus that scarcity and network effects can provide long‑term value.
As of September 6 2026, Yusko’s public statements indicate that he has positioned roughly half of his net worth in Bitcoin and related assets, while the majority of his remaining holdings are in venture‑capital ventures. The Solana sale was completed in the first quarter of 2026, and no further changes to his Bitcoin allocation have been announced.
The move underscores the ongoing debate over the value proposition of network‑token models versus traditional scarcity‑based assets. While Solana’s network revenue share has been strong, the lack of a direct revenue‑sharing mechanism for token holders remains a point of contention for investors.
In the coming months, market participants will watch how Solana’s network metrics evolve and whether the platform can translate its high revenue share into tangible returns for token holders. Meanwhile, Bitcoin’s price trajectory will be closely monitored as the asset approaches the $60,000 threshold that Yusko has identified as a potential downside.
The situation remains fluid, with no definitive resolution on either side. Investors and analysts will continue to assess the relative merits of Solana’s growth model against Bitcoin’s scarcity thesis as the broader crypto ecosystem matures.
