DeFi Development Corp. the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), announced the acquisition of 62,745 SOL. This purchase brings the Company’s total holdings to 2,095,748 SOL, valued at approximately $499 million.
Below is a summary of DeFi Dev Corp.’s current SOL position and key per-share metrics as of September 16, 2025:
- Total SOL & SOL Equivalents Held: 2,095,748
- Total SOL & SOL Equivalents Held (USD): Approximately $499 million
- Total Shares Outstanding as of September 16, 2025: 25,670,108
- SOL per Share (“SPS”): 0.0816
- SPS (USD): $19.44
The newly acquired 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.
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Note on Share Count and SPS: The reported share count reflects only issued and outstanding shares as of today. None of the pre-paid warrants from the recent equity financing are included in the current figure. Including warrants from that transaction, the adjusted share count would be approximately 31.5 million. SPS will fully reflect this in future updates, alongside the deployment of the remaining cash proceeds from the equity financing into additional SOL purchases. Based on current expectations, the Company does not anticipate SPS falling below the pre-financing level of 0.0675, even after full warrant impact — reinforcing continued SPS growth.
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”).
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