DeFi Dev Corp Expands Solana Treasury by $77M, Lifts Holdings to $371M
DeFi Development Corp (Nasdaq: DFDV) has added to its Solana position with a $77 million purchase of 407,247 SOL...
Quick overview
- DeFi Development Corp has increased its Solana holdings by purchasing 407,247 SOL tokens for $77 million, bringing its total to 1.83 million SOL worth approximately $371 million.
- The purchase, funded by a recent equity raise, reflects the company's long-term commitment to Solana, with over $40 million remaining for future allocations.
- Following the announcement, Solana's price rose 4.28% to $217.08, aided by the Alpenglow upgrade that significantly improves block finality.
- DeFi Dev Corp's expansion as the largest publicly traded holder of SOL highlights growing institutional demand for Solana, alongside other firms raising significant funds for Solana-related projects.
DeFi Development Corp (Nasdaq: DFDV) has added to its Solana position with a $77 million purchase of 407,247 SOL tokens at $188.98. This brings the company’s total SOL to 1.83 million, worth ~$371 million.
This is a 29% increase from their previous 1.42 million SOL. Funded by a recent equity raise, the purchase shows the company’s long term commitment to Solana. DeFi Dev Corp said they still have over $40 million left for future allocations, so more buys could be coming.
The new tokens will be staked across multiple validators, including their in-house infrastructure. This will generate yield while keeping them active in the Solana network.
Key points:
- Total SOL: 1,831,011
- Value: ~$371 million
- SOL per share: 0.0864, or $17.52 at current prices
- Remaining funds: $40 million for future buys
Solana (SOL/USD) Price Gains Despite Market Weakness
After the announcement Solana’s price rose 4.28% in the last 24 hours to $217.08. The broader market was down 0.12% over the same period.
DeFi Development goes after top spot in Solana treasury race with $77M splash buy
DeFi Development Corp. boosted its Solana holdings by 29% with a $77 million purchase, now holding 1.83M SOL worth $371M.
The buy was funded through an equity raise, leaving $40M still available… pic.twitter.com/uqgkRdCsbU— Gustavo Maldonado (@tweetthis101) August 29, 2025
Some of the gain is due to Solana’s Alpenglow upgrade which will reduce block finality from 12.8 seconds to 150 milliseconds. The upgrade is currently in governance voting across epochs 840-842, so Solana is getting technical.
On the charts, SOL retook its 7 day simple moving average at $201.56 and broke above $210.83. Analysts say if SOL can hold above $220 it could go to Fibonacci extension targets of $232-$253.
Institutional Adoption Accelerates
DeFi Dev Corp’s move shows institutional demand for Solana is growing. The company became the largest publicly traded holder of SOL in July when they crossed the one million token mark. With this purchase they’ve expanded that lead significantly.
Meanwhile, other activity points to increasing demand:
- Three firms are working to raise $1 billion to build the largest Solana treasury to date with Cantor Fitzgerald as lead banker.
- MFH got a $200 million credit line from Solana Ventures for their treasury.
More public companies and institutions are buying Solana.
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