DeFi Development Corp. acquires 17,760 Solana tokens for $2.72 million

BOCA RATON - DeFi Development Corp. (NASDAQ:DFDV), a $300 million market cap company with a remarkable 2,130% return over the past year according to InvestingPro, announced Thursday it has purchased 17,760 Solana (SOL) tokens at an average price of $153.10, representing a total investment of approximately $2.72 million.

Following this acquisition, the company now holds approximately 640,585 SOL and SOL equivalents valued at about $98.1 million, including staking rewards, according to the press release statement.

The company reported that the newly acquired tokens will be held long-term and staked across various validators, including its own Solana validators, to generate yield.

As of July 3, 2025, DeFi Development Corp. calculates its SOL per share (SPS) at 0.042, equivalent to $6.65 based on 14,740,779 total outstanding shares reported in its last public filing on June 24.

DeFi Development Corp. has established a treasury policy primarily focused on SOL holdings, providing investors with direct economic exposure to the cryptocurrency while participating in the Solana ecosystem. The company operates its own validator infrastructure to generate staking rewards and fees from delegated stake.

The firm also maintains its original business as an AI-powered platform connecting commercial real estate industry professionals through data and software subscriptions.

In other recent news, DeFi Development Corp. announced the pricing of its upsized private offering of $112.5 million in convertible senior notes due 2030. The company expects net proceeds of approximately $108.1 million, with plans to allocate $75.6 million for a prepaid forward stock purchase transaction and the remainder for general corporate purposes, including the acquisition of Solana. Additionally, DeFi Development Corp. has secured a $5 billion equity line of credit from RK Capital Management, allowing it to issue and sell shares to support its Solana accumulation strategy. The company will file a registration statement on Form S-1 to access this facility. In related developments, DeFi Development Corp. plans to host an investor call to discuss its recent financial strategies, including the newly announced equity line of credit and its Solana-focused initiatives. The company has also entered into a prepaid forward stock purchase transaction involving approximately 3.6 million shares of common stock. These developments reflect the company’s ongoing efforts to enhance its financial position and expand its involvement in the Solana ecosystem.

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