Isabella García
DeFi Development Corp. (DFDV) has purchased an additional 62,745 SOL tokens, valued at roughly $14.6 million at current market prices.
This latest buy increases the firm’s total Solana holdings to over 2 million SOL, worth nearly $500 million, according to PRIME’s price tracker.
With 25 million shares outstanding, the company’s “SOL per Share” metric now equals approximately $19.44 in dollar terms. However, when factoring in 31.5 million shares after including recently issued warrants, the per-share value adjusts accordingly.
Like in past acquisitions, DeFi Development plans to stake its new tokens across multiple validators, including one operated internally by the company.
Treasury Strategy and Solana Ecosystem Focus
Founded earlier this year by former Kraken employees, the firm follows a clear strategy:
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Accumulating SOL and Solana-linked tokens, including the popular Dogwifhat (WIF) memecoin.
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Providing validator services, even supporting exchanges like Kraken.
This approach has positioned DeFi Development as one of the largest digital asset treasuries (DATs) centered on the Solana ecosystem, alongside Upexi and Sharps.
Competition Among Major Solana Treasuries
While DeFi Development is a leading player, Forward Industries—a SOL treasury backed by Galaxy Digital, Jump Crypto, and Multicoin Capital—holds the largest share of Solana assets, according to PRIME’s data.
Expansion Into the United Kingdom
Last month, the company broadened its reach by acquiring a London Stock Exchange-listed firm, becoming the first publicly traded Solana-focused treasury in the UK.
