Chiara Bianchi
DeFi Development Corp. (DFDV) has added another 86,307 SOL to its reserves — a purchase worth nearly $16 million, according to data from PRIME. The latest acquisition brings the company’s total Solana holdings to just over 2 million tokens, now valued around $426 million.
The firm said it paid an average price of $110.91 per SOL, marking a near 5% increase in its total Solana stash. With roughly 28 million shares in circulation, its updated “SOL per Share” ratio stands at $14.67, down from $19.44 in September, when fewer shares were outstanding.
A Growing Player in Solana’s Ecosystem
Founded earlier this year by former Kraken employees, DeFi Development has quickly established itself as a key institutional player within the Solana ecosystem. The company’s strategy focuses on buying, staking, and providing validation services for SOL and other Solana-linked assets — including the viral Dogwifhat (WIF) memecoin.
According to PRIME’s data, DeFi Development now ranks among the top five public Solana holders. However, the title of the largest SOL treasury still belongs to Forward Industries (FORD) — supported by Galaxy Digital, Jump Crypto, and Multicoin Capital — which controls nearly 7 million SOL, more than the next three biggest treasuries combined.
