DeFi Development Nears $200M Solana Treasury

DeFi Development Corp (DFDV) has boosted its Solana (SOL) holdings to just under one million SOL.
Between July 14 and July 20, the Florida-based company acquired 141,383 SOL, roughly $19 million worth, at an average price of $133.53.
Its total holdings, including staking rewards and on-chain activity, now sit at 999,999 SOL and equivalents, currently valued at around $190 million, the company .
The firm stakes its SOL across multiple validators, including its own infrastructure, to earn native yield from the network. It also participants in the network’s decentralized finance ecosystem, bringing in a total of 867 SOL in a week.
DeFi Development Corp is one of the few public companies to adopt solana as a core treasury asset. Its SOL holdings per share (SPS) reached 0.0514 last week, a 13% increase week-over-week, and the company aims to hit 0.1650 SPS by June 2026.
The long-term goal is 1 SPS by December 2028. The company raised $19.2 million this month to finance its SOL accumulation, and still has $4.98 billion available left under its credit facility.
Shares of DFDV dropped 8.7% in Friday’s trading session, and moved up 10.2% in pre-market trading to $26.9.
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