DeFi Dev Corp Boosts $98M SOL Treasury with $2.7M Acquisition

DeFi Development Corp (DFDV), a Florida-based public company, has expanded its Solana (SOL) treasury by purchasing an additional 17,760 tokens, worth approximately $2.72 million. Acquired at an average price of $153.10, the move reinforces DFDV’s long-term strategy of compounding SOL holdings and generating yield through staking.

Following the acquisition, DFDV’s total SOL and SOL-equivalent holdings now stand at 640,585 tokens, representing a market value of about $98.1 million. With 14,740,779 shares outstanding, the SOL-per-share (SPS) value is approximately 0.042, or $6.65 based on the latest price data.

The newly acquired SOL will be staked across various validators, including DFDV’s own infrastructure on the Solana blockchain. This staking strategy enables the company to earn rewards while actively supporting the decentralization and security of the network.

DFDV is the first publicly traded firm to center its corporate treasury strategy around Solana. Alongside token accumulation and staking, the company is involved in DeFi applications within the Solana ecosystem, offering its shareholders direct exposure to on-chain economics and ecosystem growth.

At the time of writing, SOL is trading around $150.75, marking a 1.6% drop over the past 24 hours. The token ranged between $156.28 and $150.04, with high intraday volatility and key resistance at $156. Notably, SOL dipped below $152 during midday trading and bottomed out at $150.44 before modestly recovering.

As crypto investors increasingly seek blockchain-native yields and transparent on-chain exposure, DeFi Dev Corp’s Solana-focused treasury strategy could emerge as a benchmark in crypto-aligned public equity plays.