DeFi Development Corp. has significantly expanded its Solana (SOL) portfolio, accumulating 640,585 tokens worth approximately $98 million. This strategic accumulation coincides with a remarkable 2,733% year-to-date stock surge, despite ongoing regulatory headwinds in the decentralized finance sector.
The company recently acquired an additional 17,760 SOL tokens valued at $2.72 million, triggering a 17% intraday stock price increase upon announcement. While shares have retraced 33% from May peaks, the firm is advancing a $112.5 million capital raise—allocating $75.6 million to Solana acquisitions, with the remainder earmarked for corporate operations.
Amid scrutiny from the U.S. Securities and Exchange Commission, DeFi Development Corp. plans to stake its SOL holdings to generate passive income while supporting the Solana network infrastructure, demonstrating commitment despite regulatory uncertainties.