DeFi Development Corp bought 17,760 Solana (SOL) tokens for $2.72 million. The average price per token was $153.10.
This purchase increased the company’s total Solana holdings to 640,585 SOL, worth about $98 million.
The firm confirmed the newly acquired tokens will be staked to generate yield. It also said it plans to hold them long-term as part of its treasury strategy. The company first announced its Solana-focused plan in April 2025.
Earlier, DeFi Development Corp had revealed a goal to raise $1 billion for Solana investments.
However, on June 12, the company withdrew its filing. The U.S. Securities and Exchange Commission cited a missed deadline for submitting a required management report.
DeFi Development Corp Stock Price Up 30% in Two Days
DeFi Development Corp stock (DFDV) rose 17% during Thursday’s trading session, closing at $23.80. After-hours data from Google Finance showed an additional 0.8% gain, with the stock ending at $24.
The increase followed an earlier intraday low of $18.47 on Wednesday. This marked a 30% price jump in just two days. The rally came after the company’s update on its Solana treasury purchase and business plans.
Despite the short-term rise, DFDV remains 33% lower than its May 21 peak of $35.53. However, it has still gained 2,733% since the beginning of the year.
Company Plans $112.5M Private Raise to Support Treasury
On July 3, DeFi Development Corp said it would raise $112.5 million through private placements.
The firm expects the deal to close on Monday. Of the total, $75.6 million will go toward a prepaid forward stock purchase agreement.
The remaining proceeds will support general corporate activities, including additional Solana purchases. The company said this move is part of its plan to expand and manage its crypto treasury.
In a shareholder letter dated July 2, the company wrote:
“The balance sheet is structured to weather prolonged drawdowns and support long-term NAV/share durability.”
The firm also stated it aims to maintain capital flexibility and reduce exposure to short-term liquidation risks.
Net Revenue Drops by 30% in March Quarter
DeFi Development Corp reported a 30% decline in net revenue for the March quarter, compared to the same period last year. Its net profit margin also dropped by 15.5%.
In the July 2 shareholder letter, the firm highlighted this decline and outlined steps to protect shareholder interests. It emphasized long-term planning and treasury management amid ongoing crypto market conditions.
In April, the company had announced plans to raise $1 billion for Solana investments. But on June 12, the U.S. SEC blocked the filing, citing failure to submit a management report.
No new filing date has been confirmed. However, the latest $2.7 million SOL purchase suggests the company continues with its Solana treasury strategy despite regulatory delays.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
