DeFi Dev Corp continues to execute its stated strategy, using remaining capital from its equity financing to methodically increase its SOL position regardless of short-term price fluctuations.
Summary
- DeFi Dev Corp acquired 86,307 SOL at $110.91 each, bringing its treasury to $426 million in Solana and SOL equivalents.
- The Nasdaq-listed company continues to deploy equity financing to expand its Solana-focused treasury and staking strategy.
- The move follows a partnership with Superteam Japan to launch DFDV JP, the first Solana-focused treasury initiative in Japan.
According to a press release dated October 16, Nasdaq-listed entity DeFi Development Corp. has further strengthened its unique business strategy with the acquisition of 86,307 Solana (SOL) tokens.
The purchase, executed at an average price of $110.91 per token, brings the company’s total SOL and SOL equivalent holdings to 2,195,926, a position currently valued at approximately $426 million. The company has confirmed that the newly acquired assets will be staked long-term across a range of validators, including its own infrastructure, to generate yield.
Building a business treasury model around Solana
This latest purchase of 86,307 SOL represents a 4.7% increase in the company’s total holdings, a concrete step in the continued deployment of capital from a recent equity financing round.
The purchase also demonstrates the continued confidence of the company’s backers, which include notable figures from the world of digital assets and exchanges. Founded by a group of former Kraken employees, DeFi Dev Corp has leveraged extensive industry experience to build validation infrastructure that now supports both its own staking operations and those of external clients.
The company ranks among the five largest public holders of Solana, behind Galaxy-backed Forward Industries, Jump Crypto and Multicoin Capital, which holds nearly 7 million tokens.
Notably, this development comes just a week after the company partnered with Superteam Japan to launch DFDV JP, the first Solana-focused treasury project in Japan. This initiative, part of DFDV’s Treasury Accelerator program, provides operational and technical support for international expansion, including balance sheet seeding and validation infrastructure.
The partnership with Superteam Japan, a group that has already established enterprise-level alliances with Minna Bank and Fireblocks, marks a strategic move to integrate the Solana ecosystem into one of the most regulated and mature digital asset markets in the world.
