DeFi Development Corp Boosts Solana Holdings to $96M With 17,760 Tokens

- DeFi Development Corp. raises $112.5 million and adds 17,760 SOL to treasury. - Firm’s total Solana holdings now worth $96 million, per July 3 report. According to a July 3, 2025, report from *The Block*, DeFi Development Corp. (DDC) purchased 17,760 Solana tokens for $2.72 million. This acquisition increased the firm's total holdings to 640,585 SOL, now valued at $96 million, with the purchase made at an average price of $153.10 per token. This acquisition demonstrates DDC's continued shift toward proof-of-stake assets like Solana, which can generate additional revenue through staking rewards. Furthermore, the move highlights a growing trend among crypto treasury firms to prioritize assets capable of delivering long-term cash flow. To further strengthen its position, DDC recently raised $112.5 million in a private placement to support its treasury operations. The company allocated $75.6 million of these funds to a prepaid forward stock purchase, a transaction aimed at reducing risk for investors holding the company’s convertible notes. The remaining capital will be used for ongoing corporate operations and to fund additional SOL acquisitions. According to market data on July 3, Solana (SOL) was trading at $153.18 as of 22:09 UTC, while its 24-hour trading volume had decreased by 0.44%.