DeFi Development Expands Solana Treasury to $371M with Fresh $77M Purchase

Highlights:

• DeFi Development acquires 407,247 SOL worth $77M, lifting total holdings to 1.83M.
• The firm will stake newly purchased SOL long-term, expecting $63,000 daily revenue.
• Each company share is backed by $17.52 worth of SOL holdings.

Solana-focused treasury firm DeFi Development Corp. (ticker DFDV) announced on Thursday that it acquired 407,247 SOL, valued at $77 million, at an average price of $188.98 per token. The firm financed the acquisition through its latest equity raise and still retains over $40 million available for upcoming purchases. Before this purchase, DeFi Development held 1.42 million SOL tokens. The new acquisition increases its total Solana holdings to 1,831,011 SOL, valued at around $371 million, which is almost a one-third increase.

The firm said that the newly purchased SOL would be kept for the long term and staked with different validators, including its own Solana validators, to earn rewards. It also shared that its SOL holdings are estimated to bring in about $63,000 per day in revenue paid in SOL. The company also tracks a number called “Solana per Share” (SPS), currently at 0.0864. This shows how much Solana each share of the company represents, helping investors understand the value of its SOL holdings compared to its stock price. Put simply, every share represents about $17.52 in Solana value.

1/ Another major step forward: we’ve grown our treasury by 407,247 $SOL, bringing total holdings to 1,831,011 SOL (~$371M).

At an average purchase price of $188.98, our SOL holdings have increased by +29% since our last purchase announced on August 15, 2025.

🧵 pic.twitter.com/zsbVNdGvwa

— DeFi Dev Corp. (DFDV) (@defidevcorp) August 28, 2025

DeFi Development Expands Solana Strategy

DeFi Development has around 21 million shares outstanding, which could rise to nearly 31 million with warrants from its recent equity raise. Despite this potential increase, the firm expects the SPS ratio to remain well above the earlier 0.0675 benchmark. This means that even if the total number of shares grows, each shareholder’s portion of Solana will remain mostly steady.

The company is reported to collaborate with exchanges such as Kraken and crypto platforms like Dogwithhat to support its validator operations. In July, DeFi Development Corp secured $122.5 million through a convertible debt round led by Cantor Fitzgerald. At the time of the announcement, the company’s stock was seen trading about 10% higher.

The race to gain Solana exposure continues to stay competitive. A recent Coingecko report revealed that Upexi leads public companies with 1.9 million SOL. DeFi Development followed in second place with 1.18 million tokens at that time, though its latest purchases have since reduced the gap. The report also noted that Canadian-based SOL Strategies holds 392,667 SOL, while Torrent Capital manages close to 40,039 SOL. Altogether, these firms controlled over 3.5 million SOL, carrying a value of $591 million, equal to about 0.65% of Solana’s circulating supply.

Solana Price Rises Despite Wider Market Decline

Following the news, Solana’s price dropped 4% in the last 24 hours to $208.10, while the broader crypto market declined 0.12%. Despite this dip, Solana is still up 12% over the past week, showing growing trader interest.

For DeFi Development shareholders, the plan offers direct exposure to Solana’s growth. The company earns from staking and validator rewards, compounding returns into its treasury. Risks persist since DeFi Development’s success relies on Solana’s volatile price moves. Still, analysts see good timing, with Solana’s fast growth in DeFi, NFTs, and payments. Growing demand for blockspace and validators lets DeFi Development earn gains and a steady income.