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Defi Development Corp. Crosses 2 Million SOL After Latest $40 Million Purchase
Defi Development Corp. has acquired 196,141 SOL at $202.76 each, bringing its total holdings to over 2 million SOL valued at $427 million.
DFDV Expands Solana Treasury to $427 Million, Staking for Long-Term Growth
Defi Development Corp. (Nasdaq: DFDV), a publicly traded company built around a solana-focused treasury strategy, announced it has surpassed 2 million SOL in total holdings following its latest acquisition.
The company purchased 196,141 SOL at an average price of $202.76 per token, bringing its total to 2,027,817 SOL, worth roughly $427 million as of Sept. 4. The addition represents an 11% increase from its prior acquisition.
With 25.57 million shares outstanding, Defi Development Corp.’s treasury now reflects 0.0793 SOL per share, or about $16.70 per share in SOL value. The company emphasized that its newly acquired tokens will be held long-term and staked across a range of validators, including its own Solana infrastructure, to generate native yield.
DFDV’s strategy centers on giving shareholders direct economic exposure to SOL, while actively participating in the ecosystem’s growth. Beyond staking, the company operates validator nodes that earn rewards and fees from delegated stake and is exploring broader defi opportunities on Solana’s rapidly expanding application layer.