DeFi Development Corp. Acquires $15M of SOL

Core Viewpoint - DeFi Development Corp. has announced the acquisition of 62,745 SOL, increasing its total holdings to 2,095,748 SOL, valued at approximately $499 million, as part of its treasury strategy focused on Solana [1][7]. Group 1: Company Strategy and Holdings - The company has adopted a treasury policy that primarily allocates its reserves to SOL, providing investors with direct economic exposure to the asset while participating in the growth of the Solana ecosystem [3]. - The newly acquired SOL will be held long-term and staked with various validators, including the company's own Solana validators, to generate native yield [1]. - As of September 16, 2025, the total SOL held by the company is 2,095,748, with a corresponding value of approximately $499 million [7]. Group 2: Share Metrics - The total shares outstanding as of September 16, 2025, is reported to be 25,670,108, with a SOL per Share (SPS) metric of 0.0816 [7]. - The SPS is valued at $19.44, and the company does not anticipate it falling below the pre-financing level of 0.0675, even after accounting for the impact of warrants from recent equity financing [2].