DeFi Dev Corp Bolsters Solana Treasury
DeFi Development Corp. (DFDV) announced the purchase of an additional 110,000 SOL coins for approximately $18.4 million on Monday.
This brings the company’s total Solana holdings to more than 1,293,562 SOL, valued at over $215 million based on current Solana prices.
- DFDV increased its Solana treasury with the latest acquisition, bringing total holdings to ~1.29M SOL ($215M).
- The firm has been executing its treasury strategy since April.
As a result of the stock announcement earlier, DFDV shares jumped 10% on Monday morning. This extension maintains the stock’s year-to-date gains at over 2,100%.
“We’re focused on growing SOL per share as quickly and efficiently as possible,” DFDV Head of Investor Relations Dan Kang told Decrypt. “Market conditions appeared favorable, and we saw an opportunity to make a meaningful, accretive addition to the treasury.”
The $18.4 million purchase was funded through the company’s cash reserves and proceeds from its $5 billion equity line of credit.
Solana Per Share Growth
DFDV reported a significant increase in its key metric, Solana per share (SPS), growing by 47% over the past month, reaching 0.0618 SPS.
The metric measures the growth of the company’s treasury relative to its outstanding shares.
The company has set ambitious targets, aiming to reach 0.165 SPS by June 2026 and 1.0 SPS (achieving one SOL per share) by December 2028.
Earlier this year, having established its crypto treasury strategy, DFDV rebranded from Janover to DeFi Development Corporation. Other activities include acquiring a Solana validator business.
Kang further commented: “We’re focused on evolving beyond the MicroStrategy playbook. That includes growing our validator business, DeFi integrations, and working on our Treasury Accelerator — all designed to help us accumulate and compound SOL per share over time.”
Performance Overview
The Boca Raton-based company’s stock experienced volatility recently, down around 33% over the past month but remaining up over 2,000% for the year.
Solana (SOL) saw a recent price increase of 2.3% over the last 24 hours but has corrected for the week, dropping 10.7%.
