Quick Breakdown:
- DeFi Dev Corp. buys 407,247 SOL worth $77M, boosting total treasury holdings to 1.83M SOL valued at $371M.
- Company stakes newly acquired tokens across validators, including its own, to generate native yield and strengthen Solana’s network.
- Treasury strategy centers on Solana, with over $40M in remaining equity proceeds reserved for future purchases and DeFi opportunities.
DeFi Dev Corp. (Nasdaq: DFDV), the first publicly traded company with a treasury strategy centered on Solana (SOL), has expanded its holdings with the purchase of 407,247 SOL valued at $77 million. The acquisition, completed at an average price of $188.98 per token, lifts the company’s total Solana position to 1.83 million SOL.
The move underscores DeFi Dev Corp.’s long-term accumulation plan and its strategy of giving investors direct, measurable exposure to Solana’s ecosystem. With more than $40 million in net proceeds still available from its recent equity raise, the company signaled room for additional purchases and treasury operations.
1/ Another major step forward: we’ve grown our treasury by 407,247 $SOL, bringing total holdings to 1,831,011 SOL (~$371M).
At an average purchase price of $188.98, our SOL holdings have increased by +29% since our last purchase announced on August 15, 2025.
— DeFi Dev Corp. (DFDV) (@defidevcorp) August 28, 2025
Growing Solana Reserves
Updated figures show the company’s Solana holdings now total $371 million, up 29% from its prior balance of 1.42 million SOL. With approximately 21 million shares outstanding, DeFi Dev Corp. now holds 0.0864 SOL per share (SPS) equivalent to $17.52 at current market prices.
The newly acquired tokens will be staked across a blend of third-party validators and the company’s own Solana nodes, a strategy designed to generate native yield while bolstering the blockchain’s infrastructure. Management added that even after accounting for the full impact of outstanding warrants, SPS levels are expected to remain above previous disclosures.
Treasury Strategy and Ecosystem Growth
By anchoring its treasury policy around Solana, DeFi Dev Corp. is positioning itself as a public proxy for Solana adoption. Alongside token accumulation, the company operates validator infrastructure to earn staking rewards and is actively evaluating opportunities across Solana’s expanding DeFi and application ecosystem. DeFi Dev Corp.’s aggressive accumulation signals a long-term conviction: Solana is not just another digital asset, but a cornerstone of the next phase of decentralized finance.
Meanwhile, reports highlight Solana’s rising network strength, pointing to a recent technical milestone in which the blockchain handled more than 100,000 transactions per second (TPS) during a high-volume stress test cementing its reputation as one of the fastest-performing blockchains in operation.
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