DeFi Development Corp. Acquires 16,447 SOL Tokens, Boosting Position to 609,190

DeFi Development Corp. has announced the acquisition of 16,447 Solana (SOL) tokens at an average price of $139.66, totaling approximately $2.3 million. This purchase marks the company's 11th acquisition of SOL under its crypto treasury strategy. Following this transaction, DeFi Development Corp. now holds a total of 609,190 SOL, valued at approximately $107 million, making it the largest SOL position of any publicly traded company.

Joseph Onorati, CEO of DeFi Development Corp., stated, "We continue to build long-term exposure to Solana with one clear objective: increase SOL per share. This deployment reflects our conviction in Solana and our commitment to aggressive, transparent accumulation."

The company's current SOL position and key per-share metrics as of May 15, 2025, include a total of 609,190 SOL held, valued at approximately $107 million, with 2,066,711 shares outstanding. The SOL per share is 0.295, with a value of $51.71 per share. As with all previously purchased tokens, the most recently purchased SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp.’s own Solana validators to generate native yield.

DeFi Development Corp. has adopted a treasury policy under which the principal holding in its treasury reserve on the balance sheet will be allocated to Solana (SOL). The company intends to provide investors a way to access the Solana ecosystem, with the treasury policy expected to provide investors economic exposure to SOL investment. The company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions as well as value-add services to multifamily and commercial property professionals.

The company serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders. The company's data and software offerings are generally offered on a subscription basis as software as a service (SaaS).

DeFi Development Corp. will continue to provide suitable updates to its Treasury and underlying strategies through public releases and regulatory filings as available. The company's forward-looking statements are based on current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. These statements are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of the company's control. The company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Important factors that could cause the company's actual results and financial condition to differ materially from those indicated in the forward-looking statements include fluctuations in the market price of SOL, the effect of and uncertainties related to the ongoing volatility in interest rates, the company's ability to achieve and maintain profitability in the future, the impact on its business of the regulatory environment and complexities with compliance related to such environment, changes in the accounting treatment relating to the company’s SOL holdings, the company's ability to respond to general economic conditions, the company's ability to manage its growth effectively and its expectations regarding the development and expansion of its business, the company's ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth, and other risks and uncertainties more fully in the section captioned "Risk Factors" in the company’s most recent Annual Report on Form 10-K and other reports it files with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the company undertakes no duty to update such information except as required under applicable law.