DeFi Development Corp. Doubles Down on Solana Treasury with $427M Acquisition

DeFi Development Corp., publicly traded under the ticker DFDV on the Nasdaq, has significantly expanded its Solana holdings by acquiring an additional 196,141 SOL at an average price of $202.76 per token. This purchase raises the company’s total treasury to a staggering 2,027,817 SOL, representing a 11% increase compared to previous accumulation. This action bolsters DeFi Development Corp.’s position as one of Solana’s largest corporate holders, currently worth an estimated $427 million. The firm plans to hold these tokens long-term and stake them across various validators, including their own, to generate passive income. This strategy contributes to the network’s security and decentralization while increasing yield. 25,573,702 shares of DeFi Development Corp. currently trade publicly under the DFDV ticker. This translates to a per share Solana value of $16.70 at the average acquisition price. Notably, this includes only the recently purchased tokens and excludes pre-funded warrants issued during their recent $125 million equity raise. These warrants will further increase shares outstanding to 31.4 million upon exercise. The company remains committed to building shareholder value through consistent treasury growth, projecting a Solana per share (SPS) value above 0.0675 despite potential dilution from the warrants.