DeFi Development expands Solana holdings past 2M SOL tokens

On Friday, DeFi Development Corp acquired 196,141 SOL at an average price of $202.76 per ￰0￱ company’s latest acquisition was an 11% increase from its previous acquisition, bringing its total holdings to 2,027,817 ￰1￱ treasury company’s total SOL held reached approximately $427 million, solidifying its position as the first company with a treasury strategy built to accumulate and compound ￰2￱ Development’s key metric, Solana per share (SPS), stands at 0.0793, representing a USD value of $16.70 on approximately 25,573,702 outstanding ￰3￱ Dev plans to hold its SOL long-term The Solana treasury firm aims to hold the newly acquired SOL long-term and stake it to a variety of validators, including DeFi Dev’s own Solana validators, to generate ￰4￱ to the report, the company did not include any of the pre-paid warrants from its recent equity financing in the current figure.

DDC’s adjusted share count is roughly 31.4 million at the time of publication, including warrants from the recent ￰5￱ firm said its SPS will reflect the share count in future updates and the deployment of the remaining funds received from the equity financing into additional SOL asset ￰6￱ August 28, the company revealed plans to launch an extension of its crypto treasury firm, DFDV UK, in the ￰7￱ Dev will form the firm through its recent acquisition of Cykel, with an approximate 45% equity ￰8￱ to the former real estate financing company, its equity stake in DVD UK is also expected to provide additional upside to SPS over ￰9￱ company said its Treasury Accelerator strategy also includes five additional vehicles in the pipeline at various stages of development.

“DFDV UK is a milestone: the first Solana treasury vehicle in the United Kingdom and a proof point for our global expansion ￰10￱ launch underscores our commitment to growing Solana per share (SPS) and to supporting the Solana ecosystem globally.” -Joseph Onorati, Chief Executive Officer of DeFi Development ￰11￱ Development shares traded lower by 7.59% in Thursday’s regular trading session to close at $15.21, and traded up nearly 1% after hours to $15.36. The company also became the top Solana treasury firm after its latest acquisition surpassed Upexi, which has around 2,000,518 SOL in its ￰12￱ also surpassed the 2M mark on August 5 after increasing its accretive capital raises in its Solana treasury in ￰13￱ firm raised over $200 million and grew its SOL balance sheet by over 172% to around $334 ￰14￱ treasury company said it continues to generate additional value for shareholders through an estimated 8% staking yield and discounts from its Solana ￰15￱ increases supervision of crypto treasury activities As Solana treasury firms continue to funnel capital market proceeds into digital treasury programs, the ￰16￱ exchange is also tightening its supervision of these listed ￰17￱ Information reported Thursday that Nasdaq was increasing its oversight of ￰18￱ traded companies raising funds to accumulate digital ￰19￱ source disclosed that the ￰20￱ exchange has begun requiring shareholder votes for some deals and is also calling for more ￰21￱ news comes as crypto advisory firm Architect Partners revealed that around 154 U.

S.-listed companies are planning a $98.4 billion capital raise to purchase digital ￰22￱ 10 firms raised around $33.6 billion before 2025, showing the growing interest in the crypto treasury ￰23￱ Partners stated that most crypto treasury companies are listed on the Nasdaq, including DeFi Development Corp, Michael Saylor’s Strategy , Tom Lee’s Bitmine Immersion, Upexi, and ￰24￱ Bitcoin treasury company Strategy and the Ethereum treasury company Bitmine Immersion lead as the two largest ￰25￱ Difference Wire : the secret tool crypto projects use to get guaranteed media coverage