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DeFi Development Corp. Boosts Solana Treasury 29% With $77 Million Buy

Equity financing funded the SOL purchase, with the tokens slated for staking to turn the treasury into a yield-generating asset.

Overview

  • DeFi Development Corp. acquired 407,247 SOL at an average price of $188.98 for a total of about $77 million.
  • The purchase lifts total holdings to 1,831,011 SOL, up from roughly 1.42 million prior to the transaction.
  • The company plans to stake the new tokens across multiple validators, including delegations to its own validator infrastructure.
  • Management reports Solana-per-share at 0.0864 and projects a fully diluted floor of 0.0675 after accounting for financing warrants.
  • More than $40 million from the recent equity raise remains available for additional SOL purchases and treasury operations.