BofA update shows where active managers are putting money
Investing.com -- DeFi Development Corp. (NASDAQ:DFDV) stock rose 6.5% after announcing a significant acquisition of 407,247 Solana (SOL) tokens at an average price of $188.98 per token.
The purchase, funded from the company’s recent equity raise, brings DeFi Development’s total holdings to 1,831,011 SOL tokens, worth approximately $371 million. This represents a 29% increase from its previous balance of 1,420,173 tokens.
DeFi Development Corp., which describes itself as the first public company with a treasury strategy built to accumulate and compound Solana, still has more than $40 million in net proceeds available for future Solana purchases and strategic treasury operations.
The company reported that the newly acquired SOL will be held long-term and staked to various validators, including DeFi Dev Corp.’s own Solana validators, to generate native yield.
As of August 28, 2025, the company’s SOL per Share (SPS) stands at 0.0864, representing a USD value of $17.52 per share based on approximately 21 million outstanding shares.
The company noted that its reported share count reflects only issued and outstanding shares as of today, excluding shares and pre-paid warrants from the recent equity financing. On a fully diluted basis, the adjusted share count would be approximately 31 million.
Despite potential dilution, DeFi Development Corp. stated it does not anticipate SPS falling below the previously disclosed figure of 0.0675, even after full warrant impact.
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