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DeFi Dev Corp. Purchases $22M SOL, Grows Treasury to 1.42M SOL
Globenewswireยท2025-08-15 12:30

Core Viewpoint - DeFi Development Corp. has successfully increased its holdings of Solana (SOL) to approximately 1,420,173 SOL, reflecting a strategic treasury policy aimed at accumulating and compounding SOL for long-term growth [1][3][7] Group 1: Company Holdings and Performance Metrics - The company acquired 110,000 SOL at an average price of $201.68, totaling approximately $22 million [1] - The total value of SOL and SOL equivalents held by the company is approximately $273 million, representing a 9% increase from the previous balance of 1,301,653 SOL [7] - The key performance metric, SOL per share (SPS), rose 9% to 0.0675 as of August 14, 2025, with a corresponding SPS value of $13.02 [2][7] Group 2: Treasury Strategy and Operations - The company's treasury policy allocates its principal holdings to SOL, providing investors with direct economic exposure to SOL while participating in the growth of the Solana ecosystem [3] - The newly acquired SOL will be staked to various validators, including the company's own Solana validators, to generate native yield [2] - DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake, and is engaged in decentralized finance (DeFi) opportunities [3]