DeFi Development Corp. Acquires Additional 17,760 Solana, Bringing Total Holdings to Approximately $98.1 Million
DeFi Development Corp. purchased 17,760 Solana for $2.72 million, increasing its holdings to 640,585 SOL worth $98.1 million.
Quiver AI Summary
DeFi Development Corp. (Nasdaq: DFDV), the first public company focused on accumulating and compounding Solana (SOL), announced that it has purchased 17,760 SOL for approximately $2.72 million at an average price of $153.10 per SOL. This acquisition raises the company’s total holdings to around 640,585 SOL and equivalents, valued at approximately $98.1 million, including staking rewards. The newly purchased SOL will be held long-term and staked across various validators, including those operated by DeFi Development Corp. The company aims to provide investors with direct exposure to SOL, contributing to the growth of the Solana ecosystem while also engaging in decentralized finance opportunities and validating its own infrastructure.
Potential Positives
- DeFi Development Corp. has successfully purchased 17,760 Solana for approximately $2.72 million, indicating an active investment strategy to bolster its treasury.
- The company’s total holding of approximately 640,585 SOL and SOL equivalents, valued at about $98.1 million, demonstrates significant financial strength and commitment to the Solana ecosystem.
- By staking its SOL holdings with various validators, including its own, the company aims to generate additional organic yield, which could enhance its long-term profitability.
- The corporate strategy provides investors with direct economic exposure to Solana, potentially increasing investor interest and confidence in the company’s future growth opportunities.
Potential Negatives
- The company is heavily reliant on the performance of Solana (SOL) in its treasury strategy, exposing it to significant risks associated with cryptocurrency market volatility.
- Forward-looking statements highlight inherent uncertainties and risks, implying that actual future results may differ materially from projections, which could affect investor confidence.
- The press release does not clarify how the company plans to manage the potential risks associated with fluctuations in the market price of SOL, leaving investors with concerns about possible impairment charges.
FAQ
What recent purchase did DeFi Development Corp. announce?
DeFi Development Corp. announced the purchase of 17,760 Solana (SOL) at an average price of $153.10.
How much Solana does DeFi Development Corp. currently hold?
The company currently holds approximately 640,585 SOL and SOL equivalents, valued at about $98.1 million.
What is the purpose of holding Solana for DeFi Development Corp.?
DeFi Development Corp. holds Solana to accumulate value and generate yield through staking on its validator infrastructure.
How does DeFi Development Corp. support the Solana ecosystem?
The company actively participates in the growth of Solana through holding, staking, and exploring decentralized finance opportunities.
What are the potential risks associated with DeFi Development Corp.’s treasury strategy?
Risks include fluctuations in the price of SOL, interest rate volatility, and regulatory changes affecting the business.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
BOCA RATON, FL, July 03, 2025 (GLOBE NEWSWIRE) —
DeFi Development Corp. (Nasdaq: DFDV)
(the “Company”) the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), announced today the purchase of 17,760 Solana (“SOL”) at an average purchase price of $153.10 and valued at approximately $2.72 million. Following the transaction, DeFi Development Corp. now holds a total of approximately 640,585 SOL and SOL equivalents, valued at approximately $98.1 million, inclusive of staking rewards.
Below is a summary of DeFi Dev Corp’s current SOL position and key per-share metrics as of July 3, 2025:
- Total SOL & SOL Equivalents Held: 640,585
- Total SOL & SOL Equivalents Held (USD): approximately $98.1 million
- Total Shares Outstanding: 14,740,779
- SOL per Share (“SPS”): 0.042
- SPS (USD): $6.65
The total shares outstanding is as of our last public filing on June 24, 2025. The most recently purchased SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp.’s own Solana validators to generate native yield.
The Company will continue to provide suitable updates to our Treasury and underlying strategies, through public releases and regulatory filing(s), as available.
About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.
The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.
The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. The Company’s data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”).
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company’s SOL are carried on its balance sheet; (ii) the effect of and uncertainties related the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company’s SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Investor Contact:
Media Contact:
Prosek Partners
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