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BOCA RATON, FL - DeFi Development Corp. (NASDAQ:DFDV), a company specializing in data and software services for the real estate industry whose stock has surged over 1,841% year-to-date according to InvestingPro, has recently expanded its cryptocurrency holdings by purchasing 16,447 Solana (SOL) tokens. The acquisition, part of the company’s ongoing crypto treasury strategy, was made at an average price of $139.66 per SOL, amounting to a total investment of approximately $2.3 million.
With the latest transaction, DeFi Development Corp. has increased its Solana stake to a total of 609,190 SOL, valued at around $107 million. This makes the company, currently valued at $189.62 million in market capitalization, the largest publicly traded holder of SOL. InvestingPro data shows the company maintains a healthy current ratio of 2.89, indicating strong liquidity to support its operations. The company’s CEO, Joseph Onorati, emphasized the goal of bolstering long-term exposure to Solana, aiming to enhance the SOL per share value for shareholders.
The company disclosed that the recently acquired SOL tokens would be held for the long term and staked with various validators, including DeFi Development Corp.’s own Solana validators, to generate yield. As of May 15, 2025, the firm’s SOL per share (SPS) metric stands at 0.295, translating to $51.71 per share in USD value.
DeFi Development Corp. maintains a treasury policy that prioritizes Solana as the principal holding in its reserve, offering investors a gateway to the Solana ecosystem. This strategy is intended to provide economic exposure to SOL investment. The company serves over a million web users annually and is involved with multifamily and commercial property professionals, facilitating billions in debt financing per year.
This news comes amid a broader context of companies diversifying their balance sheets with cryptocurrency holdings, reflecting a growing interest in digital assets as a component of corporate treasury strategies. While the company reported a net loss in the last twelve months, InvestingPro subscribers can access 8 additional key insights about DFDV’s financial health and market performance, including detailed analysis of its growth trajectory and valuation metrics.
The information in this article is based on a press release statement from DeFi Development Corp. and does not include any speculative content regarding the broader implications or future trends in the industry.
In other recent news, DeFi Development Corporation has significantly increased its Solana holdings, acquiring an additional 65,305 SOL tokens, bringing its total to approximately 317,273 tokens valued at $48.2 million. This acquisition, part of a long-term treasury strategy, includes locked tokens that are tradeable over-the-counter and will be staked for yield generation. DeFi Development Corporation also recently acquired 88,164 SOL tokens, increasing its total to 251,842 tokens, worth an estimated $34.4 million. This move follows a $42 million financing round and aligns with the company’s strategy to accumulate crypto assets efficiently. Janover Inc. has also expanded its Solana holdings, purchasing 80,567 SOL tokens valued at $10.5 million, raising its total to 163,651.7 tokens. This acquisition is part of Janover’s digital asset treasury strategy, which aims to provide economic exposure to the Solana ecosystem. Additionally, Janover has partnered with BitGo to facilitate the acquisition of locked SOL tokens and Kraken to enhance its involvement in the Solana network by operating validators. These partnerships are intended to support Janover’s long-term strategy of accumulating SOL and generating validator revenue.
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