DeFi Development buys $15M in Solana tokens for treasury

DeFi Development Corp. (NASDAQ: DFDV) acquired 62,745 SOL tokens, bringing its total Solana holdings to 2,095,748 SOL valued at approximately $499 million as of September 16.

The purchase increases the company's SOL per share metric to 0.0816, equivalent to $19.44 per share based on 25,670,108 shares outstanding. The company plans to stake the newly acquired tokens with various validators, including its own Solana validator infrastructure, to generate staking rewards.

DeFi Development operates under a treasury strategy focused on accumulating Solana tokens. The company noted that its share count calculation excludes pre-paid warrants from recent equity financing. Including those warrants would bring the adjusted share count to approximately 31.5 million shares.

The company stated it expects to deploy remaining cash proceeds from equity financing into additional SOL purchases and anticipates its SOL per share metric will not fall below the pre-financing level of 0.0675, even after accounting for warrant impact.

Beyond its treasury operations, DeFi Development runs validator infrastructure on the Solana network and operates an AI-powered platform serving commercial real estate professionals. The platform serves over one million web users annually and provides data and software subscriptions to property owners, developers, and lenders in the multifamily and commercial real estate sectors.

The information is based on a company press release statement.

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