DeFi Dev Corp Goes Shopping, Accumulates 181,303 SOL in Latest Purchase

DeFi Development Corp. has added another large chunk of Solana coins to its crypto treasury, buying 181,303 SOL between July 21 and July 28, 2025. The company spent around $28 million on this purchase, paying an average of $155.33 per SOL.

This latest buy brings DeFi Dev Corp’s total Solana holdings to over 1.18 million SOL, up from just under 1 million units the week before. The company plans to stake all the SOL, which means they will earn rewards just by holding it, helping their balance grow even more over time.

Strategic Funding Powers the Purchase

Instead of taking on debt, the company funded the purchase through its Equity Line of Credit (ELOC), a system that allows it to raise money by issuing new shares. Between July 21 and 28, it raised $20 million by releasing about 975,000 new shares.

The company has a total ELOC capacity of $5 billion, and so far, it has only used 0.8% of that amount. This means it still has over $4.96 billion in backup funding available for future crypto buys.

This strategy fits with DeFi Dev Corp’s long-term goal to build a strong, staked treasury of SOL and increase value for shareholders. As a result of this week’s purchase, the SOL-per-share (SPS), a metric that shows how much SOL each share represents, rose by 12%, now worth about $10.60 per share.

SOL Holdings Reach $218 Million and Growing

As of July 28, 2025, DeFi Dev Corp holds a total of 1,182,685 SOL, up from 999,999 the previous week. The value of this crypto stash is now approximately $218 million. With 20,556,103 shares currently outstanding, each share now represents 0.0575 SOL, giving it an estimated value of $10.60 based on market prices.

This steady growth reflects the company’s commitment to building long-term value through crypto, and shows no signs of slowing down. Just as Strategy became known for its massive Bitcoin holdings, DeFi Dev Corp is making its mark with consistent SOL purchases. Its focused approach is now influencing other institutions, many of which are beginning to build their own strategic SOL reserves.