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9h ago

DeFi Development Corp Boosts Solana Treasury to 1.83 Million Tokens With $77 Million Buy

The Nasdaq-listed company says more than $40 million from its equity raise remains for additional Solana accumulation.

Defi development corp. bolsters treasury with $77 million solana purchase
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Overview

  • The latest acquisition added 407,247 SOL at an average price of $188.98, lifting holdings 29% to 1,831,011 SOL valued at about $371 million.
  • The newly purchased tokens will be staked across multiple validators, including the company’s own infrastructure, to generate native yield.
  • DeFi Development Corp reports SOL per share of 0.0864 (about $17.52) and guides that fully diluted SPS is expected to remain above 0.0675.
  • The firm launched DFDV UK via its acquisition of Cykel AI and took a 45% stake in a Solana-focused treasury vehicle to expand its model internationally.
  • Recent coverage notes SOL logged weekly gains of more than 15% as institutional interest grows, with other companies signaling plans for Solana treasury strategies.