Solana News Today: DeFi Development Corp Acquires 141,383 SOL, Boosting Solana 12%

DeFi Development Corp, a Nasdaq-listed company, has acquired a substantial amount of Solana (SOL), reaching 999,999 SOL in its treasury. This significant purchase was made between July 14 and July 20, 2025, totaling 141,383 SOL. The acquisition was executed through a combination of spot market buys, discounted locked tokens, and staking or validator rewards. The company confirmed this development in an official statement on Monday, highlighting that all newly acquired SOL is being staked immediately to earn native yield and help secure the Solana network.

The timing of this move was particularly advantageous. Solana surged 12% on Monday, climbing above $202, reflecting strong bullish sentiment. This surge was partly fueled by DeFi Development Corp’s aggressive accumulation strategy. Over the past seven days, SOL has increased by more than 25%, indicating renewed investor confidence in the cryptocurrency.

DeFi Development Corp has also raised $19.2 million by issuing 740,000 shares of common stock this month. With $5 million in proceeds still available, the company could potentially acquire approximately 24,752 additional SOL at current market prices. The firm has publicly stated its focus on Solana, with no plans to expand to any other cryptocurrency in the foreseeable future. CEO Joseph Onorati emphasized that Solana’s native yield and price volatility offer a unique advantage, allowing the company to monetize volatility for the benefit of shareholders through convertible debt financing.

DeFi Development Corp, formerly known as Janover, transitioned from a real estate finance platform to a crypto-focused strategy firm. Its first Solana purchase was made on April 8, 2025, acquiring 2,858 SOL. Despite its bold move into the crypto space, the company's stock (DEFC) dipped 3.65% on Monday, closing at $23.52. It slightly recovered in after-hours trading to $24.55, suggesting some investor skepticism toward short-term gains.

The trend of building Solana treasuries is gaining traction among other companies as well. On July 10, Bit Mining, a Bitcoin mining company, announced a $300 million capital raise to pivot into the Solana ecosystem. Additionally, MemeStrategy, a company based in China Hong Kong, surged 28.5% in mid-June after acquiring 2,440 SOL, becoming the first publicly listed company in the region to back Solana directly.