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Investing.com -- DeFi Development Corp. (NASDAQ:DFDV) stock jumped 10.6% after announcing it now holds nearly 1 million Solana (SOL) tokens on its balance sheet, representing approximately $181 million in value.
The company reported acquiring 141,383 SOL between July 14-20 at an average price of $133.53, totaling approximately $19 million. This latest purchase helped push its total holdings to 999,999 SOL and SOL equivalents, up from its previous balance of 857,749 tokens.
DeFi Development Corp., which describes itself as the first public company with a treasury strategy focused on accumulating and compounding Solana, also reported generating approximately 867 SOL through staking, validator revenue, and other onchain activities during the same period.
The company’s SOL per Share (SPS) metric increased approximately 13% week over week to 0.0514, equivalent to $9.30 per share. As of July 18, 2025, the company had 19,445,837 total shares outstanding.
To fund its recent SOL purchases, DeFi Development Corp. raised approximately $19.2 million in net proceeds through its Equity Line of Credit facility, issuing 740,000 shares of common stock. The company noted it has drawn only 0.4% of the total available capacity under this facility, with approximately $4.98 billion remaining available.
The newly acquired SOL will be held long-term and staked to various validators, including the company’s own Solana validators, to generate yield. As of July 20, 2025, substantially all of the company’s unlocked SOL was staked to its own validator infrastructure.
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