TLDR:
- DeFi Dev Corp. now holds 1,831,011 SOL, up 29% from previous balance of 1,420,173.
- Latest SOL purchase cost $188.98 per token, totaling $77 million in treasury expansion.
- Remaining equity raise proceeds exceed $40M, earmarked for future SOL accumulation.
- SOL per share stands at 0.0864, valued at $17.52, based on current outstanding shares.
DeFi Development Corp. has expanded its Solana holdings, signaling a clear focus on public crypto treasury growth. The Nasdaq-listed firm purchased 407,247 SOL for $77 million, pushing total SOL assets to roughly $371 million. This acquisition follows a recent equity raise that provided additional funding for future purchases.
The company plans to stake the new SOL to generate yield through its validators. Investors and analysts are now tracking the move closely as a benchmark for equity-backed Solana accumulation.
DeFi Dev Corp. Expands SOL Treasury
DeFi Dev Corp. detailed the acquisition in a press release shared on August 28, 2025.
The company purchased 407,247 SOL at an average price of $188.98 per token. This transaction brings the total SOL holdings to 1,831,011, representing a 29% increase from its previous balance.
The newly acquired SOL is intended for long-term holding and staking across multiple validators, including the company’s own. Staking will allow DeFi Dev Corp. to generate native yield while reinforcing a public Solana treasury strategy.
The company also highlighted per-share metrics, showing SOL per share (SPS) at 0.0864 and SPS in USD at $17.52. On a fully diluted basis, accounting for all shares and warrants from the recent equity financing, the SPS figure is expected to remain above 0.0675.
DeFi Dev Corp.’s move reflects a structured approach to using equity proceeds for crypto accumulation. The firm retains more than $40 million from the equity raise for future SOL purchases and strategic treasury operations.
Market Impact and Public Crypto Strategy
Alva tweeted that DFDV’s purchase could influence market sentiment and institutional engagement. According to Alva, locking up large SOL amounts reinforces public confidence in Solana adoption.
This type of high-visibility buy can provide short-term bullish momentum, especially when coupled with staking and long-term holding. Public investors often interpret such acquisitions as a sign of confidence in the underlying asset.
DeFi Dev Corp. sets a benchmark for equity-backed crypto accumulation, potentially shaping how other public firms approach treasury allocations. The company’s approach may affect SOL supply dynamics and institutional strategies moving forward.
Market watchers note that these treasury moves create concentration risk, yet the clear focus on SOL staking and long-term holding demonstrates a disciplined strategy. DFDV’s growth in SOL holdings is among the largest for a publicly listed crypto-focused treasury.
The post Nasdaq-Listed DeFi Dev Corp. Adds 407,000 SOL to Treasury Holdings appeared first on Blockonomi.
Source: https://blockonomi.com/nasdaq-listed-defi-dev-corp-adds-407000-sol-to-treasury-holdings/