In a strategic move to enhance its presence on the Solana network, DeFi Development Corp (listed on NASDAQ under the ticker DFDV) purchased an additional 110,000 SOL tokens worth nearly $22 million, at an average price of $201.68 per token.
With this deal, the company's total holdings rose to 1,420,173 SOL tokens (or their equivalent), estimated to be worth approximately $273 million. The "Solana Per Share" (SOL Per Share - SPS) index also rose to 0.0675 SOL, marking an increase of 9% since August 4, and a significant jump of 48% over the past month, equivalent to $13.02 per share.
The company confirmed through platform X that all new amounts have been staked directly to generate yields and contribute to securing the Solana network.
Continuous accumulation since early 2025
DeFi Development Corp is the first publicly traded company to fully base its financial strategy around Solana, having started buying the token gradually since early 2025. In July, it surpassed the one million SOL threshold after purchasing 141,383 tokens worth $19 million.
The company funds these purchases from a massive credit line of $5 billion, of which it has used only 0.4% so far. It also relies on staking yields and running validation nodes to maximize profits, with its current fleet achieving an estimated annual return of 10%, equivalent to $63,000 daily in SOL value.
Rising revenues and expansion of infrastructure
The company generated revenues of $1.98 million in the second quarter of 2025, a sharp increase compared to $400,000 a year earlier, with a net profit of $15.4 million after recording losses last year.
The company operates its own validation contract and manages infrastructure for projects built on Solana, including the famous meme coin project Dogwifhat, and shares staking rewards with the community.
Additionally, the company launched the DFDV Treasury Accelerator program, which helps global partners create their own reserves of Solana in exchange for the company acquiring equity stakes in their projects.
Increased institutional demand for Solana
In recent weeks, several public companies have entered the race to acquire SOL, with institutional holdings exceeding $1.09 billion, equivalent to 1.03% of the total supply.
Upexi tops the list with holdings of two million SOL (approximately $369.2 million), followed by DeFi Development Corp with 1.42 million SOL, and Mercurity Fintech with 1.08 million SOL.
Data from "Glassnode" indicates a 51% increase in the number of new addresses interacting with SOL since August 3, along with the number of wallets holding more than 10,000 SOL reaching a record high.
Solana outperformed Ethereum
In a remarkable development, Solana surpassed Ethereum in perpetual contract trading volume within 24 hours, also leading all blockchain networks in daily stablecoin inflows, with its total value returning to over $12 billion.
The price of SOL peaked at $205 this week before falling to $186.78 (a decrease of 4.5% over 24 hours), but it still outperformed the general market. Analysts believe that breaking the $200 level could pave the way to reach $250, supported by strong demand for staking and an increase in ETF fund inflows.
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