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Just In: DeFi Development Corp Buys 17,760 SOL For Solana Treasury

DeFi Development Corp. purchases 17,760 SOL for $2.72M, growing its Solana treasury to 640,585 SOL, valued at $98.1M.
Just In: DeFi Development Corp Buys 17,760 SOL For Solana Treasury

Highlights

  • DeFi Development Corp. now holds 640,585 SOL, valued at $98.1M.
  • The firm’s treasury strategy focuses on accumulating and staking Solana.
  • Solana Staking ETF's success could drive SOL price to $200, boosting growth.

DeFi Development Corp. (Nasdaq: DFDV) has purchased 17,760 Solana (SOL) tokens on July 3, 2025, adding to its growing treasury. This acquisition, valued at approximately $2.72 million, reflects the company’s ongoing strategy to accumulate and compound its holdings in Solana.

Following this purchase, DeFi Development Corp.’s total SOL holdings have reached about 640,585 tokens, valued at approximately $98.1 million.

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DeFi Development Corp’s New SOL Acquisition

DeFi Development Corp. has continued to expand its Solana (SOL) holdings, underscoring its long-term commitment to the Solana ecosystem. The latest purchase of 17,760 SOL at an average price of $153.10 per token brings the company’s total holdings to over 640,000 SOL.

As of July 3, the value of the company’s holdings stands at approximately $98.1 million. The newly purchased tokens will be staked with various Solana validators, including DeFi Development Corp.’s own validators, as part of its yield generation strategy.

This acquisition comes shortly after DeFi Development Corp. secured a $112.5 million private placement to fund further Solana purchases. This ongoing investment strategy aims to accumulate more SOL tokens and generate staking rewards. The company has also raised $42 million in financing and established a $5 billion line of credit to support its expanding crypto treasury.

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Staking and Validator Participation

The newly acquired SOL tokens will be actively staked with various Solana validators to earn yield through staking rewards and validator fees. This move is part of DeFi Development Corp.’s broader strategy to both grow its treasury and contribute to Solana’s network decentralization.

By using its own Solana validators, the company further strengthens its involvement in the Solana ecosystem and enhances the operational resilience of the network.

The staking rewards generated will help the company further compound its SOL holdings. This approach allows DeFi Development Corp. to participate in the growth of the Solana blockchain while generating passive income from staking rewards.

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DeFi Development Corp.’s Solana Treasury Strategy

DeFi Development Corp. has inserted itself among a new wave of crypto treasury companies, and includes others like SOL Strategies and Upexi. Whereas most companies have been associated with Bitcoin hoarding, DeFi Development Corp. stands out in that perspective as it more significantly revolves around Solana as a treasury. In this way, the company will have direct exposure to the performance of Solana tokens and to the opportunities presented by decentralized finance (DeFi) in Solana ecosystem.

Solana token accumulation and staking strategy allows shareholders of the company to have a direct exposure to the price movement of the token, and the associated staking rewards. The company has total shares outstanding of 14,740,779 and their current SOL-per-share (SPS) ratio stands at 0.042 or about $6.65 per share on current SOL pricing.

With this measure, investors can monitor the performance of the company in relation to its stock value giving insight into how changes in the price of Solana affects the overall value of DeFi Development Corp. 

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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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