DeFi Development Corp (DFDV), a publicly traded company with a treasury strategy centered on Solana, has doubled its holdings to just over 2.02 million SOL, which is now valued at approximately $412 million. The company acquired the new tokens at an average price of $202.76 and plans to stake the entire amount to earn yield.
This latest acquisition follows a previous $77 million SOL buy last week, which occurred on the same day the company completed a $125 million equity raise. Despite this aggressive accumulation, the company’s stock fell by over 7.5% on Thursday, although it remains up an impressive 1,710% for the year.
The company has been steadily accumulating Solana throughout 2025, reaching the milestone of 1 million SOL in July. To fund these purchases, DFDV is utilizing a $5 billion equity line of credit, of which only a small fraction has been used. The firm’s strong growth is also reflected in its recent financial reports, which show a 350% increase in revenue year-over-year.
The article also highlights a broader trend of institutional interest in Solana. Major firms like Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly in talks to raise $1 billion to create a dedicated Solana treasury. Additionally, Pantera Capital is planning to raise up to $1.25 billion to convert a publicly listed company into a “Solana Co.” This growing corporate interest, combined with staking yields, is providing strong momentum for the Solana ecosystem, which recently surpassed a $100 billion market cap faster than tech giants like Google and Meta.
September 2025, Cryptoniteuae
