Key Takeaways:
- DeFi Dev’s Treasury Hits 999,999 SOL: The company now holds $181M in SOL and equivalents after a $19M acquisition.
- Staking Powers Yield Strategy: Nearly all unlocked SOL is staked across in-house validators and receives external delegations.
- SOL-per-Share Rises 13%: SPS climbed to 0.0514 ($9.30) with 19.4M shares outstanding, reflecting treasury growth.
- Solana Climbs 35% in July: SOL surged to $200, lifting the value of DeFi Dev’s holdings alongside broader market momentum.
Nasdaq-listed DeFi Development Corp, the first public company to structure its treasury strategy around Solana (SOL), said Monday it now holds 999,999 SOL and equivalents on its balance sheet, following a $19 million acquisition last week.
According to the company’s announcement, the purchase, which included 141,383 SOL, occurred between July 14 and 20 at an average price of $133.53, bringing total holdings to an estimated $181 million. Around the same time, the company earned approximately 867 SOL through validator operations and other on-chain activity.
Share Value Climbs as Treasury Expands
To fund its latest SOL purchases, the company issued 740,000 shares in July, raising $19.2 million through its equity line of credit (ELOC). Roughly $5 million of that remains available for additional SOL acquisitions.
According to the company, SOL-per-share rose 13% over the past week to 0.0514 SOL, or $9.30, based on 19,445,837 shares outstanding.
SOL Staking Drives Yield and Network Engagement
As of July 20, nearly all of DeFi Dev’s unlocked SOL was staked across validator infrastructure it operates directly. In addition to its own holdings, the company also receives delegated stake from external participants, creating a secondary stream of revenue.
Additionally, between July 14 and 20, the company earned approximately 867 SOL through staking and related on-chain activity. All newly acquired SOL will be held long-term and staked to support yield generation.
Solana Rally Lifts Token Above $200, Reclaims Top-Five Market Cap
Solana’s native token (SOL) has gained more than 7% over the past 24 hours to trade near $200, bringing its July advance to around 35%.
The rally, which coincided with DeFi Dev Corp’s latest update, lifted Solana’s market capitalization above $100 billion, pushing it to a top-five position among digital assets.
Analysts attributed the gains to institutional inflows and renewed interest in Solana-linked exchange-traded products.
The price increase further boosts the valuation of DeFi Dev’s SOL holdings and supports the company’s yield-focused staking strategy.
Read More: Trump Media Goes All-In: $2B Bitcoin Buy Makes It Top 5 Corporate Holder
