DeFi Development Corp. Boosts Solana Holdings by 21% to 400,091 Tokens

DeFi Development Corp. has made a substantial addition to its Solana (SOL) holdings, acquiring 82,404.50 SOL tokens valued at $11.2 million on May 6, 2025. This purchase has increased the company's total SOL position to 400,091 tokens, with a combined value of $58.5 million, including staking rewards. The company's strategy involves holding these tokens for the long term and staking them to generate additional yield. The SOL tokens, procured through BitGo's OTC desk, are subject to time-based unlock schedules and originate from various sources such as vesting schedules, bankruptcies, and venture allocations.

The company's treasury policy, designed to offer investors economic exposure to the Solana ecosystem, now includes a principal holding of SOL in its treasury reserve. This move is part of DeFi Development Corp.'s broader strategy to provide investors with access to the Solana ecosystem and the potential benefits of its growth. The company's total outstanding shares stand at 2,001,887, which translates to 0.199 SOL per share, equivalent to $29.24 per share.

DeFi Development Corp. has also reiterated its commitment to keeping investors informed about its treasury and underlying strategies through public releases and regulatory filings. The company's forward-looking statements, which include discussions on future plans and strategies, are based on current beliefs, expectations, and assumptions regarding the future of its business. These statements are subject to inherent uncertainties and risks, and actual results may differ materially from those indicated.

The expansion of DeFi Development Corp.'s Solana holdings is a strategic initiative to leverage the growing Solana ecosystem. By holding and staking SOL tokens, the company aims to generate additional yield and provide economic exposure to its investors. The company's treasury policy, which is focused on SOL, is expected to offer investors a means to access the Solana ecosystem and benefit from its growth.