DeFi Development Corp. Boosts Solana Holdings by 17%

DeFi Development Corp., a Nasdaq-listed firm, has expanded its Solana (SOL) holdings by purchasing an additional 17,760 SOL tokens worth $2.72 million. This acquisition was made at an average price of $153.10 per token, bringing the company's total SOL holdings to 640,585 tokens, valued at approximately $98.1 million. This move marks the resumption of the company's long-term accumulation strategy, positioning it as one of the largest known public holders of SOL. The newly acquired tokens will be staked across multiple validators, including the company’s own infrastructure, to generate on-chain yield.

Based on its current holdings and 14.74 million shares outstanding, DeFi Development Corp. now reports 0.042 SOL per share, or approximately $6.65 in SOL-backed value per share. The company’s stock price also rose about 17% following the announcement, reflecting positive investor response. This institutional push for SOL comes as the cryptocurrency market continues to evolve, with more traditional financial firms exploring digital assets as part of their investment strategies. The expansion of DeFi Development Corp.'s SOL holdings is a clear indication of the growing institutional interest in Solana and its potential for future growth.

DeFi Development Corp. was the first public company to adopt a Solana-native treasury strategy. Beyond holding the token, it operates validator infrastructure and participates in the broader Solana ecosystem. The adoption comes as institutional interest in SOL gains traction. Last month, Nasdaq-listed Upexi became the largest Solana treasury company, boosting its holdings to 735,692 Solana. The firm also announced that it will tokenize its shares on the Solana blockchain, aiming to offer 24/7 trading, real-time settlement, and expanded investor access via crypto-native wallets. Others, such as Sol Strategies Inc., which currently holds 40,000 SOL, have set sights on treasury expansion, highlighting the growing confidence in Solana’s long-term value among traditional corporate players.