AI-powered commercial real estate firm DeFi Development Corporation (DeFi Dev Corp) has taken another bold move in expanding its Solana treasury with the acquisition of 47,272 SOL. Interestingly, the purchase is part of its strategy of a Solana-focused accumulation approach.
The company had rebranded in April under new leadership from former Kraken executives. In May, it acquired a Solana validator business, bringing in approximately 500,000 SOL under delegated stake via a $3.5 million stock-and-cash deal. The move enabled it to self-stake and integrate staking rewards directly into its revenue stream.
Defi Dev Corp Spends Over $7M on SOL
DeFi Dev Corp’s recently purchased Solana coins were acquired at an average price of $149.09, representing an investment valued at $7.03 million. As of July 8, 2025, the addition increased the company’s total holdings to approximately 690,420 SOL, now valued at around $102.7 million, including staking yields.
According to an official press release, the firm claims that its latest investment represents a 64.1% increase over the 420,690 SOL held 60 days earlier. With 17.4 million shares outstanding, DeFi Dev Corp now reports a SOL per Share (SPS) of 0.0397, equivalent to approximately $5.90 per share at current valuations.
The Florida-based company disclosed that the newly acquired SOL will be held for the long term and staked across multiple validators, including its own, to generate native yield. Reaffirming its transparent approach to treasury management, the company pledges to provide regular updates through regulatory filings and public disclosures.
Not the First Solana Purchase
Institutional interest in Solana (SOL) continues to surge as major firms and treasury-focused companies enter the ecosystem. Sol Strategies (formerly Cypherpunk Holdings) has pivoted to Solana, focusing on aggressive accumulation and staking infrastructure. Supported by a $500 million convertible note facility, the firm now holds over 226,000 SOL.
Bangkok-based fertility services firm NewGen has also announced a $30 million investment in Solana (SOL), funded through its existing credit lines, which total $126 million. The firm refers to the investment as a “natural evolution” of its digital strategy. It cited Solana’s fast transaction speeds, growing DeFi ecosystem, and the native yield potential from staking.
Meanwhile, RockawayX, an investment firm managing approximately $2 billion, has closed a $125 million early-stage venture fund primarily aimed at supporting Solana startups. It plans to extend the support by launching its “Solana City” accelerator in Dubai in collaboration with the Solana Foundation and Helius Labs.
