Solana Treasury Giant Records 999,999 SOL as Market Cap Surges Past $100B
Main Idea
DeFi Development Corp. has accumulated 999,999 SOL, nearing a 1 million SOL milestone, as Solana's market cap surpasses $100 billion, driven by institutional demand and on-chain activity.
Key Points
1. DeFi Development Corp. holds 999,999 SOL, with recent purchases totaling 141,383 SOL at an average price of $133.53, amounting to roughly $19 million.
2. The company's Solana holdings are valued at approximately $181 million, including spot purchases and staking rewards, with a goal to reach 1 SOL-per-share by December 2028.
3. Solana's market cap surged past $100 billion, reaching $102.6 billion, with SOL's price at around $192.94, marking a 6.7% increase in 24 hours and a 34% rise over the past month.
4. DeFi Development Corp. is utilizing a $5 billion equity line of credit, with $19.2 million raised so far, and has launched the DFDV treasuries to expand its SOL holdings globally.
5. Solana's decentralized exchange (DEX) volume exceeded $1 trillion in the first half of 2025, and public companies collectively hold 1.85 million SOL, about 0.35% of the total supply.
Description
DeFi Development Corp., the first public company to build its treasury strategy around Solana, announced it now holds 999,999 SOL and SOL equivalents on its balance sheet. The milestone follows the purchase of 141,383 SOL between July 14 and July 20 at an average price of $133.53, amounting to roughly $19 million in new holdings. “Just one SOL to go,” the company noted in a statement, referring to the symbolic target of holding 1 million SOL DeFi Development Hits $181M in Solana Holdings, Eyes 1...
Latest News
- Bitcoin To Pass 125k This Month, Polymarket Bettors Predict2025-07-21 20:59:14
- Pepe Price Prediction: PEPE Breaks Out, Flashes Golden Cross x2 – $1 PEPE Soon?2025-07-21 20:21:23
- ChatGPT’s 42-Indicator DOGE Analysis Flags Extreme $0.30 Breakout2025-07-21 19:54:55
- Altcoin Season Indicators: Ethereum Rockets 21%, XRP Hits ATH as Bitcoin Dominance Wanes2025-07-21 19:29:14
- Dogwifhat ($WIF) Rockets to $1.3 – But Can Solana’s Hottest Meme Coin Hold Its Gains?2025-07-21 19:02:51