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DeFi Development Corp. Purchases Record 172,670 SOL, Surpasses $100M in Treasury Holdings
Globenewswire· 2025-05-12 12:00
Core Insights - DeFi Development Corp. has made its largest purchase of Solana (SOL), acquiring 172,670 SOL at an average price of $136.81, totaling approximately $23.6 million [1] - The company now holds a total of 595,988 SOL, valued at around $102.7 million, including staking rewards [1][7] - The treasury policy of the company focuses on allocating principal holdings to Solana, providing investors with exposure to the Solana ecosystem [3] Company Position and Metrics - The most recently purchased SOL will be held long-term and staked to various validators, including the company's own Solana validators [2] - As of May 12, 2025, the total shares outstanding are 2,037,531, resulting in a SOL per share (SPS) of 0.293 and an SPS value of $50.42 [7] - The company plans to continue updating its treasury and underlying strategies through public releases and regulatory filings [2]
DeFi Development Corp. Purchases 20,473 Solana (SOL), Bringing Treasury Holdings to 420,690 SOL
Globenewswire· 2025-05-08 15:00
Core Viewpoint - DeFi Development Corp. has made a strategic investment in Solana, acquiring 20,473 SOL for approximately $2.97 million, bringing its total holdings to 420,690 SOL valued at around $61.9 million, including staking rewards [1][2][7] Group 1: Company Strategy - The company has adopted a treasury policy focusing on Solana (SOL) as its principal holding, aiming to provide investors with access to the Solana ecosystem [3] - The recently purchased SOL will be held long-term and staked with various validators, including the company's own Solana validators, to generate native yield [2][3] Group 2: Financial Metrics - Total SOL held by the company is 420,690, valued at approximately $61.9 million [7] - The total shares outstanding are 2,011,887, resulting in a SOL per share (SPS) of 0.209 and an SPS value of $30.78 [7]