DeFi Development Boosts SOL Holdings by 29%, Buys $77M Tokens

- DeFi Development Corp. increased its Solana holdings by 29% by acquiring 407,247 SOL tokens for $77 million. - The company funded the purchase with a recent equity raise, underscoring growing institutional interest in Solana. On August 28, 2025, GlobeNewswire reported that Solana treasury firm DeFi Development Corp. (DFDV) acquired 407,247 SOL tokens for $77 million. The company paid an average price of $188.98 per token, funding the purchase with proceeds from a recent equity raise. This acquisition boosted DFDV's total Solana holdings by 29% to 1,831,011 SOL. At the time of the announcement, these holdings were valued at approximately $371 million. According to GlobeNewswire, the firm plans to hold its newly acquired SOL tokens for the long term and will also stake them across various validators, including its own, to generate yield. The company estimates its Solana holdings currently earn approximately $63,000 per day in SOL-denominated revenue. Following the announcement, DFDV's stock price rose by over 9%. The firm tracks its "Solana per Share" metric, which increased to 0.0864 after the acquisition. GlobeNewswire also detailed that DeFi Development Corp. still holds more than $40 million in net equity raise proceeds for potential future SOL purchases. As of 23:09 UTC on August 28, Solana (SOL) was trading at $214.732, and according to market data, its 24-hour trading volume increased by 4.845%.