DeFi Development Corp acquires 196,141 Solana tokens, DFDV stock dips
DeFi Development Corp (Nasdaq: DFDV) has expanded its Solana treasury again, acquiring 196,141 Solana tokens for nearly $40 million.
The latest purchase pushes DeFi Development’s total Solana holdings past 2 million tokens, valued at more than $409 million, as the company continues to position itself as the leading Solana-focused public treasury vehicle.
DeFi Dev Corp’s Solana treasury tops 2 million SOL
The recent SOL purchase, which took place on September 4, lifted its total treasury to 2,027,817 SOL, worth between $409 million and $427 million depending on market prices.
This purchase represents an 11% increase in the company’s holdings since its previous disclosure and caps off an aggressive buying spree.
The newly acquired tokens will be staked across multiple validators, including DeFi Dev Corp’s own infrastructure, to generate native yield.
In late August, the company spent $77 million on Solana (SOL), the same day it closed a $125 million equity raise.
Since July 21, DeFi Dev Corp has doubled its treasury from one million SOL tokens to more than two million tokens.
DeFi Development Corp’s management has emphasised a long-term accumulation strategy, and by staking its assets, the company seeks to compound its holdings while supporting the security of the Solana network.
This approach has helped establish DeFi Dev Corp as the first Nasdaq-listed firm with a treasury policy centred on Solana.
Besides accumulating Solana tokens, the company has also been broadening its geographic footprint.
In late August, the company launched DFDV UK, described as the first Solana-focused public treasury vehicle in Britain.
Alongside its treasury-first crypto strategy, DeFi Dev Corp operates an AI-driven real estate platform that serves more than one million users annually. The platform provides data and software subscriptions to property owners, developers, and lenders, including more than 10% of US banks.
The expansion and diversification are designed to strengthen the company’s presence in multiple markets as global institutional demand for Solana builds momentum.
DFDV stock slides on heavy trading
Despite the headline purchase, DFDV shares fell 7.6% on September 4, closing at $15.21 after a volatile session, before rebounding in after-hours trading, gaining 2.89% to $15.65.
However, the stock’s trading volumes spiked following the announcement, reflecting heightened investor attention.
Notably, the shares remain up more than 1,700% this year but continue to trade 57% below their May 22 peak of $35.53.
While the stock has surged in 2025, the pullback after the purchase of SOL tokens highlights concerns about volatility and the risks associated with a strategy heavily tied to a single digital asset.
DeFi Dev Corp’s per-share exposure rises
The company currently has 25.57 million shares outstanding, giving each share exposure to 0.0793 SOL, equivalent to about $16.70.
According to the company’s management, this figure could be diluted to roughly 31.4 million shares if all pre-paid warrants from recent financing are exercised.
Even in that case, the Solana-per-share metric is expected to remain above 0.0675, a level that reflects ongoing accumulation and anticipated yield from staking.
This metric has become a key measure for investors, offering a direct way to value the company’s Solana exposure relative to its share price.
Analysts at Cantor Fitzgerald recently gave the stock an “overweight” rating with a price target of $45, citing both revenue growth and the treasury’s compounding effect.
Institutional race for Solana heats up
DeFi Development Corp is not the only institution accumulating Solana tokens. Corporate treasuries are increasingly accumulating Solana.
Market data shows that 13 companies now hold around 8.28 million SOL worth $1.72 billion, with DeFi Dev Corp, Upexi, and Sol Strategies controlling over 70% of that amount.
This institutional interest is expected to grow even further with Pantera Capital pursuing a $1.25 billion raise to convert a Nasdaq-listed company into a Solana-focused treasury vehicle.
Galaxy Digital, Multicoin, and Jump Crypto are also working on a separate $1 billion Solana initiative with Cantor Fitzgerald as lead banker.
Solana itself continues to see rising adoption. The network recently surpassed a $100 billion market capitalisation in under five years, faster than legacy tech firms like Google and Meta.
The continued corporate demand, combined with staking yields and tokenisation projects, could provide lasting support for SOL’s price.
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DeFi Development Corp acquires 196,141 Solana tokens, DFDV stock dips
DeFi Development Corp (Nasdaq: DFDV) has expanded its Solana treasury again, acquiring 196,141 Solana tokens for nearly $40 million.
The latest purchase pushes DeFi Development’s total Solana holdings past 2 million tokens, valued at more than $409 million, as the company continues to position itself as the leading Solana-focused public treasury vehicle.
DeFi Dev Corp’s Solana treasury tops 2 million SOL
The recent SOL purchase, which took place on September 4, lifted its total treasury to 2,027,817 SOL, worth between $409 million and $427 million depending on market prices.
This purchase represents an 11% increase in the company’s holdings since its previous disclosure and caps off an aggressive buying spree.
The newly acquired tokens will be staked across multiple validators, including DeFi Dev Corp’s own infrastructure, to generate native yield.
In late August, the company spent $77 million on Solana (SOL), the same day it closed a $125 million equity raise.
Since July 21, DeFi Dev Corp has doubled its treasury from one million SOL tokens to more than two million tokens.
DeFi Development Corp’s management has emphasised a long-term accumulation strategy, and by staking its assets, the company seeks to compound its holdings while supporting the security of the Solana network.
This approach has helped establish DeFi Dev Corp as the first Nasdaq-listed firm with a treasury policy centred on Solana.
Besides accumulating Solana tokens, the company has also been broadening its geographic footprint.
In late August, the company launched DFDV UK, described as the first Solana-focused public treasury vehicle in Britain.
Alongside its treasury-first crypto strategy, DeFi Dev Corp operates an AI-driven real estate platform that serves more than one million users annually. The platform provides data and software subscriptions to property owners, developers, and lenders, including more than 10% of US banks.
The expansion and diversification are designed to strengthen the company’s presence in multiple markets as global institutional demand for Solana builds momentum.
DFDV stock slides on heavy trading
Despite the headline purchase, DFDV shares fell 7.6% on September 4, closing at $15.21 after a volatile session, before rebounding in after-hours trading, gaining 2.89% to $15.65.
However, the stock’s trading volumes spiked following the announcement, reflecting heightened investor attention.
Notably, the shares remain up more than 1,700% this year but continue to trade 57% below their May 22 peak of $35.53.
While the stock has surged in 2025, the pullback after the purchase of SOL tokens highlights concerns about volatility and the risks associated with a strategy heavily tied to a single digital asset.
DeFi Dev Corp’s per-share exposure rises
The company currently has 25.57 million shares outstanding, giving each share exposure to 0.0793 SOL, equivalent to about $16.70.
According to the company’s management, this figure could be diluted to roughly 31.4 million shares if all pre-paid warrants from recent financing are exercised.
Even in that case, the Solana-per-share metric is expected to remain above 0.0675, a level that reflects ongoing accumulation and anticipated yield from staking.
This metric has become a key measure for investors, offering a direct way to value the company’s Solana exposure relative to its share price.
Analysts at Cantor Fitzgerald recently gave the stock an “overweight” rating with a price target of $45, citing both revenue growth and the treasury’s compounding effect.
Institutional race for Solana heats up
DeFi Development Corp is not the only institution accumulating Solana tokens. Corporate treasuries are increasingly accumulating Solana.
Market data shows that 13 companies now hold around 8.28 million SOL worth $1.72 billion, with DeFi Dev Corp, Upexi, and Sol Strategies controlling over 70% of that amount.
This institutional interest is expected to grow even further with Pantera Capital pursuing a $1.25 billion raise to convert a Nasdaq-listed company into a Solana-focused treasury vehicle.
Galaxy Digital, Multicoin, and Jump Crypto are also working on a separate $1 billion Solana initiative with Cantor Fitzgerald as lead banker.
Solana itself continues to see rising adoption. The network recently surpassed a $100 billion market capitalisation in under five years, faster than legacy tech firms like Google and Meta.
The continued corporate demand, combined with staking yields and tokenisation projects, could provide lasting support for SOL’s price.
The post DeFi Development Corp acquires 196,141 Solana tokens, DFDV stock dips appeared first on Invezz
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