Solana News Today: A Crypto Giant Bets Big on Solana’s Future as Treasury Surpasses $400M

DeFi Development Corp’s Solana treasury has surpassed $400 million following a recent purchase of $39.76 million worth of Solana (SOL) tokens, raising the company’s total holdings to over 2.02 million SOL. The latest acquisition, announced on Thursday, involved the purchase of 196,141 SOL at an average price of $202.76 per token, with the intention of staking the tokens to generate yield. This purchase follows a $77 million Solana acquisition made the previous week, on August 28, which coincided with the company’s $125 million equity raise. The company’s Solana holdings have more than doubled since July 21, reflecting a strategic buildup of assets in the fast-growing blockchain network [1].

The company’s shares, however, ended Thursday’s trading session at $15.21, down 7.59% from the previous close. The decline was partially offset during after-hours trading, where the stock rose nearly 1% to $15.36. Despite the recent drop, DeFi Development Corp’s stock is still up 1,710% year-to-date, although it remains nearly 57% below its May 22 high of $35.53. In the June quarter, the firm reported a 350% year-on-year revenue increase and a 525% rise in its net profit margin, demonstrating strong operational performance [1].

Analysts at Cantor Fitzgerald recently initiated coverage of DeFi Development Corp, assigning its stock (DFDV) an "overweight" rating with a price target of $45. This marks growing investor confidence in the firm’s ability to capitalize on the broader Solana ecosystem, particularly as the platform continues to gain traction among institutional participants. In addition to corporate treasury accumulation, Solana’s futures market hit an all-time high in Open Interest, reaching $13.68 billion, signaling heightened institutional and retail interest in the token’s future performance [2].

Institutional adoption has also been accelerating, with Gemini recently launching Solana staking services in the European Economic Area under the Markets in Crypto-Assets Regulation (MiCA) framework. This move coincides with a 39% year-to-date growth in Solana staking participation within the EU, outpacing the 22% growth seen in non-EU regions. The increased institutional engagement has been supported by Solana’s rapid network advancements, including the Alpenglow upgrade, which reduced transaction finality times to 150 milliseconds from over 12 seconds [2].

Solana’s broader market performance has also been robust. According to CoinGecko, the asset has gained 26.2% over the past 30 days and 54.5% in the last year. Its market capitalization reached $100 billion in under five years—faster than both Google and Meta, which took seven and nine years, respectively. With growing staking yields and a maturing derivatives market, Solana continues to solidify its position as a leading blockchain network in the crypto industry [2].

Source: [1] DeFi Development Corp's Solana treasury exceeds $400M (https://cointelegraph.com/news/defi-development-corp-solana-treasury-exceeds-400m) [2] Solana Surges as Futures Market Hits Record High and ... (https://www.fxleaders.com/news/2025/09/05/solana-surges-as-futures-market-hits-record-high-and-institutional-adoption-accelerates/)