DeFi Development Corp. (NASDAQ:DFDV) shares rose 3% after the company announced the purchase of 47,272 Solana (SOL) tokens valued at approximately $7.03 million, significantly expanding its cryptocurrency portfolio.
Positioning itself as the first publicly traded company with a treasury strategy focused on Solana accumulation, DeFi Development acquired the tokens at an average price of $149.09 per SOL. The transaction brings the company’s total holdings to roughly 690,420 SOL and SOL equivalents valued at about $102.7 million, including staking rewards.
This recent purchase marks a 64.1% increase in SOL holdings compared to the 420,690 tokens held just 60 days earlier. DeFi Development plans to hold the newly acquired tokens long-term and stake them across various validators, including its own Solana validators, to generate yield.
As of July 8, 2025, the company holds 0.0397 SOL per share, equivalent to $5.90 per share based on 17,402,299 shares outstanding as of June 30, 2025.
DeFi Development commits to ongoing transparency, providing updates on its treasury management and strategy through public disclosures and regulatory filings.