DeFi Development Corp Acquires 196K SOL, Boosts Holdings to 2M

DeFi Development Corp has added another 196,141 Solana (SOL) to its treasury, spending nearly $39.76 million to expand its stake in the fast-growing ￰0￱ Takeaways: DeFi Development Corp has doubled its Solana holdings to over 2 million SOL, now worth approximately $412 ￰1￱ firm is funding its purchases using a $5 billion equity line, with just 0.4% tapped so ￰2￱ rapid accumulation, DFDV shares are down 57% from their peak but remain up 1,710% ￰3￱ purchase brings the firm’s total holdings to just over 2.02 million SOL, now valued at approximately $412 ￰4￱ to Thursday’s announcement , the company acquired the tokens at an average price of $202.76 and plans to stake the entire amount to generate ￰5￱ Development Corp Doubles SOL Holdings After $125M Raise The move follows a $77 million SOL buy last week on the same day the company closed a $125 million equity ￰6￱ Development Corp’s SOL holdings have now doubled since July ￰7￱ the aggressive accumulation, shares of DFDV fell 7.59% on Thursday to close at $15.21, before recovering slightly in after-hours trading to $15.36, per Google ￰8￱ stock remains up 1,710% year-to-date, but is still trading 57% below its May 22 peak of $35.53.

The first publicly listed company to build its treasury strategy entirely around Solana, DeFi Development ￰9￱ been on a steady accumulation path throughout ￰10￱ July, it reached the symbolic milestone of holding 1 million SOL after purchasing 141,383 tokens for around $19 ￰11￱ fund acquisitions, the firm is drawing from a $5 billion equity line of credit , though only 0.4% has been used so far. 1/ Achievement Unlocked: 2 Million $SOL Today, we announce the acquisition of 196,141 SOL at an ￰12￱ of $202.76, bringing total treasury holdings to 2,027,817 ￰13￱ latest purchase marks an +11% increase from our prior acquisition announced on August 28, ￰14￱ — DeFi Dev Corp.

(DFDV) (@defidevcorp) September 4, 2025 In its June quarter report, the company posted a 350% increase in revenue year-over-year and a 525% jump in net profit ￰15￱ the same month, Cantor Fitzgerald began coverage on DFDV with an “overweight” rating and a $45 price target. meanwhile, Solana itself continues to attract investor interest. Galaxy, Jump, and Multicoin Plan $1B Solana Treasury Bet As reported, Galaxy Digital, Jump Crypto, and Multicoin Capital are in talks to raise around $1 billion to build the largest Solana treasury to ￰16￱ reported that Cantor Fitzgerald has been tapped as the lead banker, with the Solana Foundation backing the deal, which could close in early ￰17￱ plan involves taking over a publicly traded company and converting it into a digital asset treasury vehicle dedicated to Solana.

Likewise, Pantera Capital is preparing to raise as much as $1.25 billion to transform a Nasdaq-listed company into “Solana Co.,” a public vehicle built to accumulate Solana (SOL) as a treasury asset The plan reportedly involves an initial $500 million raise, followed by $750 million through ￰18￱ completed, it would mark one of the largest dedicated efforts to create a public Solana treasury ￰19￱ move follows Pantera’s disclosure earlier this month that it has already deployed about $300 million into digital asset treasury (DAT) ￰20￱ manager Bitwise recently noted that Solana had reached a $100 billion market cap in under five years, faster than legacy tech firms like Google and Meta, which took seven and nine years, ￰21￱ has gained 26.2% in the past 30 days and is up 54.5% year-on-year, according to CoinGecko, with staking yields and corporate interest providing fresh tailwinds for the ecosystem.