DeFi Development Corp. (DFDV) has significantly expanded its cryptocurrency portfolio by purchasing 110,000 SOL worth $18.4 million. This strategic acquisition leverages both cash reserves and a $5 billion equity line of credit, elevating DFDV’s total Solana holdings to 1.29 million SOL valued at $215 million.
The transaction has increased the company’s Solana-per-share (SPS) metric by 47% to 0.0618 SPS, demonstrating progress toward DFDV’s ambitious targets of 0.165 SPS by June 2026 and 1 SOL per share by December 2028.
Despite recent crypto market volatility, DFDV’s shares have surged over 2,000% year-to-date, reflecting strong investor confidence in the firm’s crypto-focused strategy. This performance occurs amid Solana’s current price fluctuations, which saw a 24-hour gain of 2.3% but a weekly decline of 10.7% to $165.46.
Looking ahead, DeFi Development Corp. is actively developing cryptocurrency integrations and launching an Accelerator program designed to systematically compound its SOL holdings. This diversification strategy aims to strengthen treasury growth through exposure to decentralized finance ecosystems.