Key Takeaways:
- DeFi Development Corp. added $2.7M in Solana to its treasury, now holding nearly $98M in SOL.
- DFDV stock surged 30% in two days, and is up over 2,700% year-to-date.
- A $112.5M capital raise is underway to further strengthen its treasury and corporate initiatives.
DeFi Development Corp. (DFDV) stock continued its impressive rally on Thursday, gaining 17% following the announcement of a new $2.7 million Solana (SOL) purchase. This move is part of the company’s ongoing crypto-focused treasury strategy, reinforcing its long-term commitment to the Solana ecosystem despite regulatory hurdles earlier this year.
Company Adds 17,760 SOL to Treasury Holdings
The blockchain-focused investment firm revealed that it had acquired 17,760 Solana tokens at an average price of $153.10, totaling approximately $2.72 million. With this addition, DeFi Development Corp.’s Solana treasury now stands at 640,585 SOL, valued at nearly $98 million at current market prices.
The firm also stated that the newly purchased tokens would be held long-term and staked to generate additional yield. This strategy reflects a broader trend among crypto-native companies shifting towards staking-based yield generation to bolster returns.
DFDV Stock Rallies 30% in Two Days
Investors have responded enthusiastically to the company’s recent actions. DeFi Development Corp. shares surged nearly 17% to $23.80 on Thursday and rose an additional 0.8% in after-hours trading, closing at $24.00.
The rally began on Wednesday when the stock dipped to an intraday low of $18.47 before rebounding. Over just two trading sessions, DFDV is up 30%. Year-to-date, the stock has skyrocketed by 2,733%, although it remains 33% below its May 21 peak of $35.53.
Capital Raise to Fuel Further Solana Exposure
Alongside the bullish price action, the company is also executing a $112.5 million capital raise through private placements, expected to close on Monday. Of that, $75.6 million will go toward a prepaid forward stock purchase, with the remainder earmarked for general corporate purposes—including further Solana acquisitions.
Also Read: R0AR’s $1R0R Token Roars onto MEXC Exchange, Expanding DeFi Accessibility
Despite regulatory challenges, including a withdrawn SEC filing in June, the company reaffirmed its focus on capital flexibility and long-term value creation. In a shareholder letter dated July 2, it emphasized that its balance sheet is “structured to weather prolonged drawdowns” and protect against short-term liquidation risks.
DeFi Development Corp.’s aggressive strategy of crypto accumulation—particularly Solana—continues to generate strong investor interest. As the company pushes ahead with its treasury growth and capital raise, its focus on long-term staking rewards and NAV stability sets it apart in the evolving DeFi landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
