Solana News Today: DeFi Development Adds 110 466 SOL to Treasury Amid 9.9% Price Drop

A Nasdaq-listed real estate software firm, formerly known as Janover and now operating under the name DeFi Development Corporation, has added 110,466 Solana (SOL) tokens to its treasury at a price of $166.61 per token, the company announced on July 12, 2025 [1]. This brings its total holdings to 1,293,562 SOL, valued at approximately $215 million at current prices. The newly acquired tokens are being staked immediately, generating yield while contributing to the security and decentralization of the Solana network.

The firm has been acquiring Solana tokens since April 8, 2025, initially purchasing 2,858 tokens. Since then, it has expanded its Solana strategy by acquiring a validator business and implementing creative financing tools, including an equity line of credit of $5 billion, to fund further purchases. The most recent acquisition was funded through a combination of existing cash reserves and proceeds from that credit line.

This continued accumulation of SOL reflects a broader trend among institutional investors and corporations to integrate blockchain assets into their treasury strategies. Similar moves have been made by other firms, such as Upexi, which announced plans to raise $200 million to expand its Solana holdings, and BIT Mining, which shifted toward the Solana ecosystem with a $300 million funding plan. Mercurity Fintech also announced a $200 million equity line of credit to launch a Solana-focused treasury strategy.

Despite these strategic investments, Solana has experienced a recent price pullback, dropping 9.9% over the past week to trade at $167 as of publication time. The token, currently the sixth-largest cryptocurrency by market capitalization, is approximately 43% below its historical high of $293.31 in January. The market remains in anticipation of whether continued institutional buying will provide enough upward pressure to push the price above the $200 psychological threshold.

The firm’s approach aligns with broader discussions about the role of corporate treasuries in the crypto space. By acquiring and staking SOL, the company is not only reducing the circulating supply but also increasing its on-chain utility and participation in the Solana ecosystem. These factors could influence long-term price dynamics and contribute to the token’s adoption in DeFi and other blockchain applications.

As the market absorbs the latest price movements and institutional activity, Solana’s trajectory remains tied to both technological developments and macroeconomic sentiment. The firm’s sustained investment suggests a belief in the network’s long-term value and potential to deliver robust returns as DeFi and blockchain infrastructure continue to mature.

Source:

[1] ZyCrypto, "DeFi Development Keeps Solana Buying Streak Alive With 110,466 SOL Purchase Despite Recent Price Pullback", https://zycrypto.com/defi-development-keeps-solana-buying-streak-alive-with-110466-sol-purchase-despite-recent-price-pullback/