 
 
DeFi Development, the AI-powered real estate platform turned Solana treasury company, has boosted its SOL stash to just under one million tokens.
Between July 14 and July 20, the Nasdaq-listed company purchased 141,383 Solana for roughly $19 million at an average price of $133.53 per coin, according to a Monday statement.
Its total stack, which is staked onchain, now sits at 999,999 SOL, currently worth approximately $190 million.
“All newly acquired SOL is being staked immediately, earning native yield while helping secure the Solana network,” the firm posited in a July 21 post on X.
Per the announcement, DeFi Development stakes all its SOL across several validators to help secure the layer-1 blockchain’s proof-of-stake network while also generating yield. It also participates in the network’s decentralized finance ecosystem, earning 867 SOL tokens within a week.
 
The company’s latest buy has already paid off, as the price of Solana’s native SOL experienced a notable spike, surpassing the $200 mark for the first time since March, extending a 52% rally over the past month. At press time, SOL was valued at $202.39, reflecting a 5.9% gain on the day, according to crypto data provider CoinGecko.
SOL has now overtaken BNB to become the world’s fifth-largest cryptocurrency by market value. The token, however, remains 31% off its all-time high of $293.31 set in mid-January 2025.
Crypto Treasury Strategies Gaining Traction
Since Michael Saylor’s Strategy began amassing Bitcoin in August 2020, over 70 companies have followed suit with their own crypto treasuries.
Tokyo-listed company Metaplanet and healthcare firm Semler Scientific have continued aggressively buying the apex crypto, adding to their already massive holdings as Bitcoin treasury trend-setter Strategy reaches 607,770 BTC.
DeFi Development, which recently changed its name from Janover, only disclosed its plans to adopt a digital assets treasury in early April, purchasing 2,858 SOL tokens at the time.
Nasdaq-listed consumer products firm Upexi also recently made a strategic decision to create a SOL treasury to diversify its assets.
Source: https://zycrypto.com/publicly-traded-defi-development-boosts-treasury-holdings-to-999999-sol-as-solana-reclaims-200/