Publicly traded firm DeFi Development Corp has once again increased its exposure to Solana. In a recent announcement, the company shared the purchase of 110,466 SOL for approximately $18.4 million. The coins were acquired at an average price of $166.61 per SOL.
This recent purchase follows an earlier July move where the firm bought 181,303 SOL for about $28 million.
DeFi Dev Corp Owns 1,293,562 SOL
The latest acquisition brings the firm’s SOL stash to 1,293,562 SOL valued at approximately $211.8 million based on the current market price. Reflecting the impact of this week’s purchase, the company’s key performance metric, SOL per share (SPS), increased by 7%, reaching 0.0618 as of August 1, 2025.
As of now, DeFi Development Corp has 20,943,736 shares outstanding. This represents the total number of shares investors hold and are available on the public market. Based on this share count, the company’s SOL per share (SPS) increased by 7%, from 0.0575 to 0.0618.
The company continues to lift SPS despite issuing new shares to fund these purchases through its Equity Line of Credit (ELOC). This demonstrates disciplined capital allocation and strong operational efficiency.
Strategic Solana Staking
Per the announcement, the newly acquired SOL will be held long-term as part of DeFi Development Corp’s core treasury strategy. The coins will be staked across a diversified set of Solana validators, including the firm’s in-house validators, which will help generate native yield through staking rewards.
This approach aims to support the decentralization and security of the Solana network. It also allows the company to compound its SOL holdings over time, enhancing overall treasury performance. Using a mix of internal and external validators, the company aims to balance network contribution, security, and risk management. This strategy also helps the company maximize staking returns.
DeFi Development Corp positions itself as the first public company with a treasury strategy designed to accumulate and compound Solana (SOL) coins.
The firm officially adopted this strategy in early April 2025 and has since executed multiple strategic SOL purchases to grow its holdings. The move highlights the growing trend of publicly traded companies integrating cryptocurrencies into their financial strategies.
Bitcoin leads in institutional adoption, but other crypto assets have received significant market attention.
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