DeFi Development Corp Acquires Major Solana Stake, Becoming Second-Largest Holder

DeFi Development Corp, known for its substantial Solana holdings, has recently expanded its investment in the cryptocurrency with a new acquisition of $77 million worth of SOL. The company’s latest move, announced via a press release on August 28th, 2025, involved acquiring 407,247 Solana tokens, bringing their total holding to 1,831,001 SOL. This acquisition positions them as the second-largest holder of Solana after Upexi U.S., which holds over 2,000,518 SOL in its portfolio.