Quick Takeaways
- DeFi Development Corp now holds over 2 million SOL tokens, worth $412M
- Despite the massive crypto move, DFDV shares dipped 7.59%
- Solana just became the fastest crypto to hit a $100B market cap
Solana Treasury Grows Fast as DeFi Corp Adds $117M in SOL
DeFi Development Corp is going all-in on Solana. Over the past week, the company added a staggering $117 million worth of SOL to its holdings including a fresh $39.76 million purchase made just days ago.
That latest buy brought in 196,141 Solana tokens, at an average price of $202.76 each. In total, DeFi Development Corp now holds just over 2.02 million SOL, which is valued at approximately $412 million. That’s double what it held back in July.
So, why the big bet? It’s simple. The company plans to stake its Solana treasury locking in tokens to help run the network while earning regular rewards. For crypto-native firms, this is like putting your cash to work, and Solana’s staking yield makes it an attractive option.
And if that wasn’t enough, this buying spree happened right after the company wrapped up a $125 million equity raiseon August 28. Clearly, they’re moving fast and thinking long term.
Solana Treasury Strategy: Not Just HODLing, But Earning
This isn’t just about stacking coins and waiting. DeFi Development Corp is playing the long game by actively staking their Solana treasury which means they’re earning yield on every token they hold.
And they’re not the only ones. More and more companies are racing to build large crypto treasuries, especially with assets like Solana, which offer speed, low fees, and strong staking rewards.
That makes SOL a standout choice for firms that want passive income and long-term upside.
Since July, DeFi Development Corp has more than doubled its SOL position. That kind of conviction says a lot they clearly believe Solana is here to stay.
DFDV Stock Dips, But the Bigger Picture Tells a Different Story
Now, you’d think a bold crypto move like this would boost the company’s stock. But on Thursday, DFDV shares actually fell 7.59%, ending the day at $15.21. In after-hours trading, the stock ticked up slightly to $15.36.
That said, context matters. Year-to-date, the stock is still up a jaw-dropping 1,710% even though it’s nearly 57% off its all-time high from May. Volatility is part of the game, especially when crypto is involved.
However, the company’s overall metrics are strong. Revenue and profit margins increased by 350% and 525%, respectively, in the second quarter. The share price might still tremble for a while longer, but the company is indeed gaining traction.
Solana Breaks Records: Fastest Crypto to Hit $100B
Meanwhile, Solana is a moment of property in the heart of this strategy. Recently, Solana crossed the $ 100 billion market cap milestone, and did so in less than five years. It is faster than Google, which took seven years, and meta, which required nine.
It is not difficult to see why. In the last 30 days, Sol is 26.2%. in the past year? A strong 54.5% profit. As more users and developers jump on the Solana network, the property continues to receive price and attention.
For companies like Defi Vikas Corp, a strong Solana treasury is not just about publicity. This is about the situation for the future of finance.
