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Investing.com -- DeFi Development Corp. (NASDAQ:DFDV) stock rose 3% after the company announced the purchase of 47,272 Solana (SOL) tokens valued at approximately $7.03 million, significantly expanding its cryptocurrency holdings.
The company, which bills itself as the first public company with a treasury strategy focused on accumulating Solana, acquired the tokens at an average price of $149.09 per SOL. Following this transaction, DeFi Development now holds approximately 690,420 SOL and SOL equivalents worth about $102.7 million, including staking rewards.
This latest purchase represents a 64.1% increase in the company’s SOL holdings compared to the 420,690 tokens it held just 60 days prior. According to the company’s statement, the newly acquired SOL will be held long-term and staked to various validators, including DeFi Development’s own Solana validators, to generate yield.
As of July 8, 2025, the company reports holding 0.0397 SOL per share (SPS), equivalent to $5.90 per share based on 17,402,299 total outstanding shares as of June 30, 2025.
DeFi Development indicated it would continue to provide updates on its treasury and underlying strategies through public releases and regulatory filings as available.
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