DeFi Development Corp., a Nasdaq-listed blockchain infrastructure company, has expanded its exposure to Solana (SOL) with a fresh purchase of 86,307 tokens, valued at approximately $9.6 million. The move reinforces the company’s long-term strategy of building a corporate treasury centered around the SOL ecosystem.
The acquisition, carried out at an average price of $110.91 per token, brings DeFi Development Corp’s cumulative Solana and Solana-equivalent holdings to 2,195,926 SOL. Based on current market valuations, the company’s total position now exceeds $426 million.
According to the firm’s statement, the newly obtained tokens will be allocated to staking operations across multiple validators, including the company’s proprietary infrastructure. By doing so, DeFi Development Corp aims to generate sustainable on-chain yields while strengthening its participation in Solana’s validator network.
Expansion of Treasury Model
The latest acquisition marks a 4.7% rise in the company’s overall Solana holdings and follows a series of capital deployments stemming from a recent equity raise. Executives described the move as part of a systematic buildout of its blockchain-based treasury management framework, designed to maximize asset productivity through staking and validator rewards.
DeFi Development Corp was established by a team of former Kraken employees, combining technical and operational expertise in blockchain validation and infrastructure development. Over time, the firm has grown into one of the largest public SOL holders, with operations supporting both its internal staking efforts and third-party validation clients.
Industry data shows that DeFi Development Corp now ranks among the top five corporate holders of Solana globally. Other major institutional holders include Forward Industries, supported by Galaxy Digital, Jump Crypto, and Multicoin Capital, which collectively hold close to seven million tokens.
Strategic Push in Japan
The announcement follows shortly after DeFi Development Corp unveiled a collaboration with Superteam Japan to introduce DFDV JP, the first Solana-centric treasury initiative in Japan. The joint venture aims to strengthen the adoption of decentralized financial infrastructure in one of the world’s most tightly regulated digital asset markets.
The Japanese program forms part of the company’s broader Treasury Accelerator initiative, which focuses on providing technical support, infrastructure integration, and early-stage funding for international blockchain ventures. Through DFDV JP, DeFi Development Corp will help enterprises deploy and manage SOL-based treasury systems, while offering access to validator infrastructure and liquidity channels.
Superteam Japan, a regional SOL-focused collective, has previously established partnerships with financial institutions such as Minna Bank and custody solutions provider Fireblocks. Its collaboration with DeFi Development Corp marks another milestone in linking corporate blockchain adoption with Solana’s expanding validator ecosystem.
With its latest acquisition and international expansion efforts, DeFi Development Corp continues to position itself as a key institutional participant in the Solana network’s growing financial infrastructure.
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