DeFi Development Corp. (NASDAQ:DFDV) saw its stock rise by 4.1% following the announcement of a new purchase of 17,760 Solana (COIN:SOLUSD) tokens, valued at around $2.72 million.
The company, which positions itself as the first publicly traded firm with a treasury strategy focused on accumulating and compounding Solana assets, acquired these tokens at an average price of $153.10 each. After this latest acquisition, DeFi Development’s total Solana holdings now amount to approximately 640,585 SOL and SOL equivalents, with a combined value near $98.1 million, factoring in staking rewards.
As of July 3, 2025, the company’s SOL per share (SPS) metric stands at 0.042, translating to a value of $6.65 per share. This figure is calculated based on the 14,740,779 shares outstanding reported in the company’s most recent filing on June 24, 2025.
The newly acquired Solana tokens are intended for long-term holding and will be staked across various validators, including those operated by DeFi Development Corp., to generate ongoing yield. This move is consistent with the company’s fundamental strategy of steadily growing its Solana asset base through compounding.
DeFi Development Corp. plans to keep investors informed with regular updates on its treasury activities and strategic initiatives through public disclosures and regulatory filings.