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Investing.com -- DeFi Development Corp. (NASDAQ:DFDV) stock rose 4.1% following the company’s announcement of a new purchase of 17,760 Solana (SOL) tokens valued at approximately $2.72 million.
The company, which describes itself as the first public company with a treasury strategy built to accumulate and compound Solana, acquired the tokens at an average purchase price of $153.10. Following this transaction, DeFi Development now holds approximately 640,585 SOL and SOL equivalents valued at approximately $98.1 million, including staking rewards.
As of July 3, 2025, the company reports its SOL per share (SPS) metric stands at 0.042, representing a dollar value of $6.65 per share. The calculation is based on 14,740,779 total shares outstanding as of the company’s last public filing on June 24, 2025.
The newly purchased SOL tokens will be held long-term and staked to various validators, including DeFi Development Corp.’s own Solana validators, to generate yield. This approach aligns with the company’s core strategy of accumulating and compounding Solana tokens.
The company indicated it will continue to provide updates on its treasury and underlying strategies through public releases and regulatory filings as they become available.
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