Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase | Breaking Crypto News & Blockchain Updates

Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase — Solana's on-chain fundamentals gained a major vote of confidence on Thursday as Florida-based DeFi Development Corp(DFDV)announcedit had expanded its ...

Solana's on-chain fundamentals gained a major vote of confidence on Thursday as Florida-based DeFi Development Corp(DFDV)announcedit had expanded its SOLSOL$150.28treasury by acquiring 17,760 additional tokens. The purchase, valued at approximately $2.72 million, was executed at an average price of $153.10 per token. This move aligns with the company’s stated long-term strategy of compounding SOL holdings and staking rewards.

Following this acquisition, DeFi Dev Corp's total holdings reached 640,585 SOL and SOL equivalents, representing a U.S. dollar value of around $98.1 million. Based on the company’s last reported total of 14,740,779 shares outstanding, the current SOL-per-share(SPS)stands at 0.042, or roughly $6.65 per share using the day’s price data.

All newly acquired SOL will be staked with a variety of validators, including DeFi Dev Corp’s own infrastructure on the Solana network. This approach enables the company to earn native yield through staking rewards and validator fees, while directly contributing to Solana’s decentralization and operational resilience.

DeFi Dev Corp has positioned itself as the first public company to make Solana the centerpiece of its treasury strategy. In addition to accumulating and staking SOL, it is also actively engaged in decentralized finance(DeFi)opportunities and ecosystem participation. The company’s treasury strategy offers shareholders direct economic exposure to the token while supporting Solana’s application-layer development.At the time of writing, SOL was trading at around $150.75, down 1.6% in the past 24-hour period, according to CoinDesk Research's technical analysis model. Meanwhile, the broader crypto market, as gauged by the CoinDesk 20 Index(CD20), is up 0.13% in the same period.

Technical Analysis Highlights

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Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.

CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.

All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information fromCoinDesk Dataand other sources to create timely market reports, with all external sources clearly attributed within each article.

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