DeFi Development Corp. purchased $11.2 million worth of Solana ( SOL) tokens on May 6, 2025, increasing its total holdings to 400,091 SOL, valued at approximately $58.5 million.
DeFi Development Corp. Bolsters Treasury with 82,404 Additional Solana Tokens
The Boca Raton-based company acquired roughly 82,404.50 SOL tokens, according to a regulatory filing. Its total holdings, including staking rewards, equate to $58.5 million. DeFi Development Corp. (Nasdaq: DFDV) reported 2,001,887 shares outstanding, translating to 0.199 SOL ($29.24) per share.
A portion of the newly obtained SOL includes locked tokens obtained through Bitgo’s over-the-counter (OTC) desk. These tokens, subject to contractual transfer restrictions, will be staked to generate yield but cannot be moved until predetermined unlock periods expire.
DeFi Development Corp. adopted a treasury policy last year, allocating its principal reserve holdings to solana ( SOL), aiming to give investors indirect exposure to the blockchain ecosystem. The company stated it will continue updating stakeholders on treasury strategy through public disclosures.
Formerly known as Janover Inc., the firm operates a subscription-based platform serving commercial real estate professionals, lenders, and developers. It claims to facilitate billions in annual debt financing applications. Prior to the announcement, earlier this week, DeFi Development Corp. announced the purchase of a SOL validator operation for $3.5 million.
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