DeFi Development Corp., a publicly listed firm specialising in digital asset treasury strategies, announced on Thursday that it has purchased 17,760 Solana (SOL) tokens for approximately $2.72 million. The average acquisition price was $153.10 per token.
The latest purchase brings the company’s total holdings to approximately 640,585 SOL and SOL equivalents, valued at an estimated $98.1 million. The figures include staking rewards and reflect the company’s ongoing strategy of accumulating and compounding Solana as a core treasury asset.
Long-Term Holdings and Validator Support
According to the company’s statement, the newly acquired SOL will be staked with multiple validators, including DeFi Development Corp.’s proprietary Solana validator infrastructure. This approach aims to generate native network yield while supporting Solana’s decentralised ecosystem.
As of its most recent public filing on June 24, 2025, DeFi Development Corp. reported 14,740,779 shares outstanding. Based on the current holdings, the company’s Solana per share (SPS) metric stands at 0.042, translating to a value of approximately $6.65 per share.
DeFi Dev Corp. has not disclosed any immediate plans to adjust its share structure but indicated the SOL acquired would be retained for long-term strategic purposes.
Ongoing Treasury Strategy Focused on Solana
DeFi Development Corp. positions itself as the first publicly traded entity to center its treasury reserves around Solana, rather than Bitcoin or Ethereum, which remain more commonly used among corporate digital asset holders. The company has consistently expanded its SOL position over time and has integrated staking as part of its broader capital allocation strategy.
The firm said it will continue to update investors through press releases and regulatory filings as its treasury allocations evolve. No changes to its current strategy or governance approach were announced. The purchase marks a continued show of confidence in Solana’s long-term value proposition amid increasing institutional interest in layer-one blockchain networks.
