DeFi Development Corp. Buys $23.6M in Solana, Now Holds Over $100M in SOL
DeFi Development Corp. (Nasdaq: DFDV) has made its largest Solana (SOL) acquisition to date, purchasing 172,670 SOL at an average price of $136.81, totaling approximately $23.6 million.
This marks the company’s 10th purchase under its digital asset treasury strategy, bringing its total Solana holdings to 595,988 SOL, currently valued at $102.7 million including staking rewards.
Long-Term Strategy, Strong Per-Share Metrics
As of May 12, 2025, the company reports:
- SOL per share (SPS): 0.293
- USD value per share: $50.42
- Shares outstanding: 2,037,531
All acquired tokens, including this latest batch, will be held long-term and staked across multiple validators, including DeFi Dev Corp.’s own Solana validators, to generate native staking yield.
SOL-Centric Treasury Model
The move is part of the company’s aggressive treasury strategy centered on Solana. DeFi Dev Corp. aims to offer shareholders direct economic exposure to the Solana ecosystem, setting itself apart from traditional real estate tech firms. The company provides SaaS tools and services to over a million annual users in the commercial and multifamily real estate sector.
As Solana continues to gain adoption across DeFi, payments, and tokenization, DeFi Dev Corp.’s growing treasury stake reinforces its commitment to digital asset integration in its broader tech-finance model.
The company pledged to maintain transparency with further updates via regulatory filings and public disclosures.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
