Solana treasury firm DeFi Development Corp. (ticker DFDV) has purchased $77 million worth of SOL tokens (407,247 SOL), at an average price of $188.98 per token, according to an announcement on Thursday. The company funded the purchases with a recent equity raise, and still holds more than $40 million in net proceeds to make additional purchases.
According to a statement, DeFi Dev Corp’s 1,831,011 Solana balance sheet holding represents a 29% increase over its previous stockpile. The company also maintains a “Solana per Share” of 0.086, a metric used to value SOL treasuries based on its exposure to the company’s share price.
“The newly acquired SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp.’s own Solana validators to generate native yield,” the firm wrote. According to a recent announcement, DeFi Development Corp estimates it earns $63,000 per day in “SOL-denominated revenue” on token holdings.
The first also works with exchanges like Kraken and crypto ecosystems like Dogwithhat to manage their validator operation.
In July, DDC closed a $122.5 million convertible debt raise led by Cantor Fitzgerald.
The company’s stock traded higher by 10% at publication time.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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