DeFi Development Corp (DFDV) has boosted its Solana
holdings to just under one million SOL.
Between July 14 and July 20, the Florida-based company acquired 141,383 SOL, roughly $19 million worth, at an average price of $133.53.
Its total holdings, including staking rewards and on-chain activity, now sit at 999,999 SOL and equivalents, currently valued at around $190 million, the company said.
The firm stakes its SOL across multiple validators, including its own infrastructure, to earn native yield from the network. It also participants in the network’s decentralized finance ecosystem, bringing in a total of 867 SOL in a week.
DeFi Development Corp is one of the few public companies to adopt solana as a core treasury asset. Its SOL holdings per share (SPS) reached 0.0514 last week, a 13% increase week-over-week, and the company aims to hit 0.1650 SPS by June 2026.
The long-term goal is 1 SPS by December 2028. The company raised $19.2 million this month to finance its SOL accumulation, and still has $4.98 billion available left under its credit facility.
Shares of DFDV dropped 8.7% in Friday’s trading session, and moved up 10.2% in pre-market trading to $26.9.
Read more: DeFi Development Surges 30% on BONK Validator Partnership, More SOL Purchases
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