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BOCA RATON - DeFi Development Corp. (NASDAQ:DFDV), a $337 million market cap company whose stock has surged over 2,400% year-to-date according to InvestingPro data, has acquired 181,303 Solana (SOL) tokens between July 21-28, 2025, at an average price of $155.33, according to a press release statement issued Tuesday.
The $28 million purchase brings the company’s total SOL holdings to approximately 1,182,685 tokens, valued at around $218 million. The acquisition was primarily funded through proceeds from the company’s Equity Line of Credit. InvestingPro analysis shows the company maintains a healthy current ratio of 2.89, indicating strong ability to meet short-term obligations.
Following the purchase, DeFi Development Corp.’s SOL per share (SPS) metric increased 12% week over week to 0.0575 as of July 28, marking the second consecutive week of double-digit SPS growth.
During the July 21-28 period, the company raised approximately $20 million in net proceeds through its Equity Line of Credit facility, issuing about 975,000 shares of common stock. This brings total month-to-date proceeds to $39 million, with approximately $10 million remaining available primarily for future SOL purchases.
The company has drawn 0.8% of the total available capacity under its Equity Line of Credit, with approximately $4.96 billion remaining available under the facility.
DeFi Development Corp. stated that the newly acquired SOL will be held long-term and staked to various validators, including the company’s own Solana validators, to generate yield.
The company has implemented a treasury policy under which the principal holding in its treasury reserve is allocated to SOL, providing investors with direct economic exposure to the cryptocurrency while participating in the Solana ecosystem. With an overall Financial Health score of "FAIR" and unanimous "Strong Buy" analyst consensus according to InvestingPro, which offers 11 additional investment tips for DFDV, the company’s strategy appears to be gaining traction.
In other recent news, DeFi Development Corp. has made significant strides in its operations and strategic initiatives. The company announced a strategic partnership with Mayan, a cross-chain trading protocol, to enable the trading of its tokenized equity instrument, DFDVx, across multiple blockchain networks. This integration allows for broader access to DeFi Dev Corp’s on-chain equity. Additionally, the company has reached a milestone by accumulating 999,999 Solana (SOL) tokens on its balance sheet, following a recent purchase of 141,383 SOL at an average price of $133.53, totaling approximately $19 million.
DeFi Development Corp. also launched an international expansion initiative called the DFDV Treasury Accelerator, designed to support regional public Solana treasury vehicles globally. This initiative is backed by notable firms such as Kraken, Pantera, and Borderless Capital, which are expected to provide investment and infrastructure support. Furthermore, the company plans to host its first public guidance discussion via X Spaces, where executives will discuss financial guidance, a convertible note offering, and company updates. These developments highlight DeFi Development Corp.’s active engagement in expanding its influence and operations in the blockchain ecosystem.
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