DeFi Development Corp. Buys More SOL, Boosts Staking to $98 Million

On July 4, 2025, DeFi Development Corp. (DDC) purchased an additional 17,760 $SOL (~$2.72 million, average price $153.1/SOL), increasing its total Solana holdings to 640,585 SOL, worth ~ $98.1 million (CoinGecko, SOL price ~$150). All SOL is staked through external validators and its own system, generating cash flow from rewards and supporting the decentralized Solana network.

#DDC raised $112.5 million through convertible bonds (interest rate 5.5%, due 2030), allocating $75.6 million to reduce the risk of equity dilution, with the remainder expanding SOL investments. The “SOL per Share” ratio reached 0.042 (~$6.65/share). After restructuring in April 2025 by former Kraken management, DDC aims to become a pioneer in a finance strategy focused on Solana, alongside a real estate SaaS platform with 1 million users and a $5 billion credit limit.

Companies like SOL Strategies and Upexi are also accumulating SOL, leveraging Proof-of-Stake to generate income. Although the SOL price slightly decreased by 0.4% to $151.48, this trend reinforces Solana's role in DeFi and blockchain, especially in corporate finance.

Risk Warning: The information is for reference only and not investment advice. #anhbacong