Core Insights - DeFi Development Corp. has acquired 196,141 SOL at an average price of $202.76 per token, increasing total holdings to 2,027,817 SOL, valued at approximately $427 million [1][8] - 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] - The company operates a treasury policy focused on accumulating SOL, providing investors with direct exposure to the Solana ecosystem while generating staking rewards [4] Financial Metrics - Total SOL & SOL Equivalents Held: 2,027,817, representing an 11% increase from the prior acquisition [8] - Total Shares Outstanding as of September 4, 2025: 25,573,702 [8] - SOL per Share (SPS): 0.0793, with an SPS value of $16.70 [8] Company Strategy - DeFi Development Corp. aims to actively participate in the growth of the Solana ecosystem through its treasury strategy and validator infrastructure [4] - The company is engaged in decentralized finance (DeFi) opportunities and is exploring innovative ways to support Solana's expanding application layer [4]
DeFi Development Corp. Acquires 196,141 SOL, Surpasses 2 Million in Total SOL Treasury Holdings
Globenewswire·2025-09-04 15:00