Shares of DeFi Development Corp. experienced a significant rise of 17% on Thursday following the company’s announcement of a $2.7 million investment in Solana, furthering its strategic expansion in the cryptocurrency sector.
In a notable development, the firm’s total Solana holdings have now reached 640,585 SOL, with an approximate value of $98 million. The recent acquisition involved the purchase of 17,760 SOL tokens at an average price of $153.10, as detailed in a press release issued on Thursday.
DeFi Development Corp. intends to hold the newly secured Solana tokens for the long term and plans to stake these assets to generate additional yield.
DeFi Development Corp. Shares Rally Following Solana Investment
Following the announcement, investor sentiment drove the stock price (DFDV) to $23.80 by the end of the trading day, with a subsequent increase of 0.8% in after-hours trading, concluding at $24 according to Google Finance. This two-day surge has allowed shares to climb nearly 30% from a low of $18.47 recorded on Wednesday, although they remain 33% below their peak of $35.53 in May. Year-to-date performance indicates a staggering increase of over 2,700%.
This buying initiative occurs against the backdrop of recent financial challenges faced by the company. According to its quarterly report for March, DeFi Development Corp. reported a 30% decrease in net revenue and a 15.5% drop in net profit margin in comparison to the same quarter last year.
In a letter to shareholders dated July 2, the management underscored its commitment to maintaining flexible capital to shield investors from potential short-term liquidation risks, asserting that the balance sheet is structured to endure extended downturns in the market.
News: DeFi Development Corp (Nasdaq: $DFDV) has purchased 17,760 Solana coins for $2.72 million.
This brings the company’s total Solana holdings to 640,585 $SOL, currently worth around $98.1 million—making it one of the largest public holders of Solana.
The newly acquired… pic.twitter.com/bDftGzhBH4
— Crypto Coin Show (@CryptoCoinShow) July 4, 2025
Earlier in the week, the firm disclosed plans to raise $112.5 million through private placements, with the expected closure on Monday. An allocation of $75.6 million from this capital raise will be dedicated to a prepaid forward stock purchase, while the remainder will support general corporate initiatives, including additional Solana acquisitions.
Despite having retracted a separate $1 billion investment plan in Solana last month due to issues with SEC filings, this latest move reaffirms DeFi Development Corp.’s dedication to expanding its cryptocurrency treasury.
Sol Strategies Strengthens Commitment to Solana Treasury
DeFi Development Corp. is not the only entity making significant commitments to Solana. Canadian digital asset firm Sol Strategies, already listed on the Canadian Securities Exchange, currently holds over 420,000 SOL tokens, solidifying its position as a major institutional player within the Solana ecosystem.
Recently, Sol Strategies filed to list its common shares on the Nasdaq Capital Market under the ticker “STKE” as part of its efforts to enhance its presence in the U.S. market. In its SEC filing, the firm highlighted its focus on Solana, pointing to the blockchain’s increasing importance in asset tokenization and digital infrastructure as critical factors for growth.
The firm has also secured a $500 million convertible note facility to fund the acquisition and staking of additional SOL tokens, thereby aligning its treasury strategy with the staking economy of Solana.
As a foreign private issuer, Sol Strategies will adhere to Canadian governance standards, offering some flexibility compared to those imposed by U.S. corporate regulations. The firm has also filed a $1 billion shelf prospectus in Canada, aiming to bolster its financial resources for Solana-centric initiatives.
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