DeFi Development Corp bought roughly $117 million of Solana in eight days, increasing its SOL treasury to about 2.02 million tokens (~$412M). The company purchased 196,141 SOL at an average $202.76 intending to stake for yield, while its shares fell 7.59% on Thursday.
DeFi Development Corp increased SOL holdings to ~2.02M tokens, valued near $412M.
Company bought 196,141 SOL at an average price of $202.76 and plans to stake the tokens for yield.
DFDV stock dipped 7.59% on Thursday despite year-to-date gains of 1,710% and strong quarterly revenue growth.
DeFi Development Corp boosts Solana treasury to ~2.02M SOL (~$412M). Read the details on purchases, staking plans, and stock impact.
What is DeFi Development Corp’s Solana purchase?
DeFi Development Corp’s Solana purchase refers to the company’s recent acquisitions of SOL that raised its treasury to roughly 2.02 million tokens. The firm bought 196,141 SOL at an average $202.76 per token and intends to stake the holdings to generate yield.
How did DeFi Development Corp acquire 196,141 SOL and why?
The company executed multiple buys over eight days totaling about $117 million in SOL, adding to earlier purchases that brought the total bought within the month to roughly $77 million. Management stated the acquisitions were made to accumulate stakeable SOL, aiming to generate recurring yield from staking while building a strategic treasury reserve.
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Shares of DeFi Development Corp (DFDV) closed down 7.59% at $15.21 on Thursday, though after-hours trading saw a modest recovery to $15.36. Short-term volatility followed the company’s aggressive SOL purchases and ongoing market reactions to crypto-asset allocations.
The stock remains up 1,710% year-to-date but is nearly 57% below its May 22 high of $35.53. During the June quarter, the company reported revenue growth of 350% year-on-year and a net profit margin increase of 525% year-on-year. Cantor Fitzgerald initiated coverage in June and assigned an overweight rating with a $45 price target (Cantor Fitzgerald, plain text).
Crypto asset manager Bitwise Asset Management reported that Solana reached a $100 billion market capitalization in under five years. That milestone outpaced major tech peers historically, illustrating rapid adoption and market interest in Solana’s ecosystem. CoinGecko data shows SOL was up 26.2% over the past 30 days and 54.5% year-over-year.
The latest disclosed purchase was 196,141 SOL at an average price of $202.76 per token, part of roughly $117 million of SOL acquired over eight days.
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