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DeFi Development Corp Tops 2 Million SOL After $40 Million Purchase

The purchase underscores a strategy that binds shareholder value to Solana’s price through staked on-chain reserves.

Analyzing why Solana just got a $400M vote of confidence from a major player
Defi development corp. crosses 2 million sol after latest $40 million purchase

Overview

  • DFDV bought 196,141 SOL at an average $202.76, lifting its holdings to about 2,027,817 SOL valued near $427 million.
  • Management says the new tokens will be staked across multiple validators, including the company’s own, to generate native yield.
  • Holdings equal 0.0793 SOL per share based on 25,573,702 shares; if warrants lift the share count to roughly 31.4 million, management projects SOL per share stays above 0.0675.
  • Tracked corporate treasuries now hold about 8.28 million SOL, with the three largest holders controlling over 70% of that total.
  • Institutional momentum includes reported billion‑dollar Solana treasury vehicles in development and Galaxy’s first native tokenization of SEC‑registered shares on Solana via Superstate.