Solana News Today: DeFi Dev Corp. Stakes Big on Solana, Outpaces BNB Holders in U.S. Push

DeFi Development Corp. (Nasdaq: DFDV), a public company with a treasury strategy focused on accumulating and compounding Solana (SOL), announced an acquisition of 196,141 SOL at an average price of $202.76 per token. This purchase brings the company’s total holdings to 2,027,817 SOL, valued at approximately $427 million. The new tokens will be staked across a range of validators, including the company’s own infrastructure, to generate yield through staking rewards and fees from delegated stake [1].

As of September 4, 2025, key per-share metrics include 0.0793 SOL per Share (SPS), equivalent to $16.70 in USD, with a total of 25,573,702 shares outstanding. The company noted that pre-paid warrants from a recent equity financing would increase the share count to approximately 31.4 million. Despite this, the company expects SPS to remain above the pre-financing level of 0.0675, reinforcing its commitment to continuous growth in SPS [2]. The remaining cash proceeds from the equity financing will be deployed into additional SOL purchases, further enhancing the company’s exposure to the asset.

DeFi Development Corp. has adopted a treasury policy where the principal allocation in its reserve is directed toward SOL. This strategy allows the company to provide investors with direct economic exposure to the token, while also engaging in the broader Solana ecosystem. In addition to holding and staking SOL, the company operates its own validator infrastructure, generating staking rewards and fees. It also explores innovative ways to support and benefit from Solana’s expanding application layer. The company’s broader business includes an AI-powered platform connecting the commercial real estate industry, serving over one million web users annually [3].

The move aligns with a growing trend among publicly listed companies to adopt digital asset treasury (DAT) strategies, with a clear regional divide emerging. In the U.S., companies are increasingly leveraging Wall Street-style tools such as private investments, PIPEs, and warrants to structure their holdings. DeFi Development Corp. joins other firms like Sharps Technology and Mercurity Fintech in building significant Solana reserves, with DeFi Dev Corp. staking approximately 158,900 SOL at an average annualized rate of around 6.86% [4].

In contrast, the BNB-based DAT model is largely driven by Asian capital and ecosystem participants. This includes initiatives like Binance-backed projects and institutional investors expanding their holdings through OTC trades and private placements. For example, CEA Industries announced an increase in its BNB holdings to 388,888 tokens, with plans to own 1% of the token’s total supply by the end of 2025. The divergence in strategies highlights how different regional market dynamics influence the accumulation and use of digital assets.

Analysts have noted that Solana’s U.S. institutional backing contrasts with Binance Coin’s (BNB) Asian-driven capital structure, affecting their relative performance. Solana’s treasury gains have been fueled by Wall Street-style financing, while Binance Coin has relied on a community-driven model. This divergence is reflected in price movements, with Solana seeing strong institutional flows and the anticipation of the Alpenglow upgrade, while Binance Coin has experienced a more modest increase compared to its U.S. counterpart [5]. The ongoing developments in both ecosystems suggest that the future performance of these tokens may remain closely tied to their regional financial and institutional support.

Source: [1] DeFi Development Corp. Acquires 196141 SOL, Surpasses 2 (https://www.globenewswire.com/news-release/2025/09/04/3144760/0/en/DeFi-Development-Corp-Acquires-196-141-SOL-Surpasses-2-Million-in-Total-SOL-Treasury-Holdings.html) [2] DeFi Dev Corp Acquires 196K SOL, Holdings Top 2M Tokens (https://www.stocktitan.net/news/DFDV/de-fi-development-corp-acquires-196-141-sol-surpasses-2-million-in-ulr6q2de2fii.html) [3] DeFi Development Corp. Announces SOLID: Solana Investor Day (https://www.morningstar.com/news/globe-newswire/9523147/defi-development-corp-announces-solid-solana-investor-day) [4] Comparison of BNB and SOL Reserve Companies (https://news.futunn.com/en/post/61508100/comparison-of-bnb-and-sol-reserve-companies-are-asia-and) [5] Solana's U.S. backing vs. Binance's Asian capital (https://ambcrypto.com/solanas-u-s-backing-vs-binances-asian-capital-who-will-win-this-battle/)