DeFi Development Corp. (NASDAQ: DFDV), a company focused on building a Solana treasury strategy, has announced an additional acquisition of SOL. The U.S.-based company acquired an additional 47,272 SOL coins for about $7.03 million.
As a result, DeFi Development Corp now holds a total of 690,420 SOL coins, currently worth around $102.7 million. The company increased its SOL holdings by more than 64 percent in the past two months, which will be staked to ensure a steady yield income.
2/ Key Metrics as of July 8, 2025
💰 690,420 $SOL & $SOL Equivalents
📈 $102.7M in value
🧾 17,402,299 shares outstanding
🔢 0.0397 SOL per share (SPS)
📊 SPS value: $5.90Note: shares outstanding is as of June 30, 2025.
— DeFi Dev Corp. (@defidevcorp) July 8, 2025
Solana Network Gains More Institutional Investors’ Support
The Solana network has attracted more crypto investors in the recent past, led by institutional investors. As Coinpedia has highlighted, the U.S. SEC has increased engagement with the fund managers seeking to offer spot Solana ETFs, thus signaling potential approval ahead.
As a result of the rising demand from retail and ins
