DeFi Dev Corp. Purchases $77M SOL Following Recent Equity Raise

Core Viewpoint - DeFi Development Corp. has successfully acquired 407,247 Solana (SOL) tokens, increasing its total holdings to 1,831,011 SOL, and has over $40 million in net proceeds available for future acquisitions [1][8]. Group 1: Acquisition Details - The acquisition of SOL was made at an average price of $188.98 per token, funded by the company's recent equity raise [1]. - The newly acquired SOL will be held long-term and staked to various validators, including the company's own Solana validators, to generate native yield [2]. Group 2: Financial Metrics - Total SOL and equivalents held by the company is 1,831,011, representing a 29% increase from the previous balance of 1,420,173 [8]. - The total value of SOL and equivalents held is approximately $371 million [8]. - The total shares outstanding as of August 28, 2025, is approximately 21 million, with a SOL per share (SPS) of 0.0864, equating to $17.52 [8]. Group 3: Treasury Strategy - DeFi Development Corp. has adopted a treasury policy that allocates its principal holding to SOL, providing investors with direct economic exposure to the asset while participating in the growth of the Solana ecosystem [4]. - The company operates its own validator infrastructure, generating staking rewards and fees from delegated stakes, and is engaged in decentralized finance (DeFi) opportunities [4].