DeFi Development Corp., trading under the ticker DFDV on Nasdaq, has announced that it acquired an additional 196,141 SOL at an average price of $202.76 per token. This purchase commemorates a significant milestone, pushing the company’s total holdings to 2,027,817 SOL, an increase of 11% from its previous accumulation.
At current market valuations, the firm’s treasury is now worth approximately $427 million, strengthening its position as one of the largest corporate holders of Solana. In its official announcement, the company emphasized that the newly acquired tokens will be held for the long term and staked across various validators, including its own, to generate native yield. This staking strategy not only compounds returns but also contributes to the security and decentralization of the Solana network.
A Unique Solana Per Share (SPS) Approach
DeFi Development has consistently outlined its mission to provide investors with direct exposure to Solana through its shares, aligning its treasury growth with shareholder value. As of September 4, 2025, the company reported 25,573,702 shares outstanding, giving investors a Solana per share (SPS) metric of 0.0793 SOL. At the average acquisition price, this translates to $16.70 in Solana value per share.
Notably, the company clarified that the 5.8 million pre-funded warrants issued as part of its recent $125 million equity raise are not included in the current calculations. Upon exercise, the total number of shares will reach approximately 31.4 million. The company’s ongoing accumulation strategy supports the management’s projection that the SPS will remain above 0.0675, despite the potential dilution.
With over 2 million SOL secured, DeFi Development Corp. has further cemented its role as a pioneering Solana treasury vehicle, offering public market investors structured access to one of the fastest-growing ecosystems in the blockchain space.
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