DeFi Development Corp. (Nasdaq: DFDV), a publicly listed Solana-focused treasury company, has added 17,760 more SOL tokens to its digital asset reserve.
According to the press release, the tokens were purchased at an average price of $153.10 each, bringing the total purchase value to approximately $2.72 million. With this move, the company now holds 640,585 SOL and SOL equivalents, worth about $98.1 million at current market rates, which includes staking rewards. Currently, Solana is trading for $151, according to CoinMarketCap.
The company started acquiring SOL tokens in April after being taken over by former Kraken executives. Its treasury model is designed to offer investors direct exposure to Solana while also participating in the blockchain’s growth by operating its own staking validators. According to the company, the recently bought tokens will be held long-term and staked to generate yield through rewards from the Solana network.
On Wednesday, the company shared that it had secured $100 million in a private placement to help fund additional SOL purchases. Of that, $75.6 million has been allocated to a prepaid forward stock purchase transaction, which is designed to reduce risk for buyers of DeFi Development Corp.’s convertible notes.
The rest of the funds will go toward corporate use and further SOL acquisitions. The company had already raised $42 million in financing and has access to a $5 billion line of credit.
As of July 3, 2025, DeFi Development Corp. reports a “SOL per Share” ratio of 0.042, which is used to track the number of SOL tokens held per share of its stock. Based on current prices, this translates to roughly $6.65 worth of SOL per share.
The company is part of a small but growing group of crypto treasury firms, which also includes SOL Strategies and Upexi. Unlike firms like Strategy that hold only Bitcoin, these companies are collecting proof-of-stake tokens like SOL, ETH, and BNB, which allow them to earn rewards by helping secure the network.
Also Read: XRP Price Eyes $3.20 as Futures OI Nears $5B with 30% Surge
