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DeFi Dev Corp. Acquires 153,225 SOL, Becoming the Largest Public Holder of Solana

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DeFi Development Corp. (Nasdaq: DFDV) has acquired 153,225 Solana (SOL) at an average price of $154.85, representing a total value of approximately $23.72 million. The purchase was partially funded by $9.65 million from a greenshoe option exercise related to a previous convertible note offering.

Following this acquisition, DFDV now holds 846,630 SOL and SOL equivalents, valued at approximately $133.1 million, establishing itself as the largest public Solana treasury company. With 18,577,134 shares outstanding, the company's SOL per Share (SPS) stands at 0.0456, equivalent to $7.16 per share. The newly acquired SOL will be staked across various validators, including DFDV's own Solana validators, to generate yield.

DeFi Development Corp. (Nasdaq: DFDV) ha acquisito 153.225 Solana (SOL) a un prezzo medio di 154,85 $, per un valore totale di circa 23,72 milioni di dollari. L'acquisto è stato parzialmente finanziato con 9,65 milioni di dollari derivanti dall'esercizio di un'opzione greenshoe legata a un'offerta precedente di note convertibili.

Dopo questa acquisizione, DFDV detiene ora 846.630 SOL e equivalenti SOL, valutati circa 133,1 milioni di dollari, affermandosi come la più grande tesoreria pubblica di Solana. Con 18.577.134 azioni in circolazione, il rapporto SOL per azione (SPS) dell'azienda è di 0,0456, equivalente a 7,16 $ per azione. I SOL appena acquisiti saranno messi in staking su diversi validatori, inclusi quelli di proprietà di DFDV, per generare rendimento.

DeFi Development Corp. (Nasdaq: DFDV) ha adquirido 153,225 Solana (SOL) a un precio promedio de $154.85, lo que representa un valor total de aproximadamente $23.72 millones. La compra fue financiada parcialmente con $9.65 millones provenientes del ejercicio de una opción greenshoe relacionada con una oferta previa de notas convertibles.

Tras esta adquisición, DFDV ahora posee 846,630 SOL y equivalentes SOL, valorados en aproximadamente $133.1 millones, consolidándose como la mayor tesorería pública de Solana. Con 18,577,134 acciones en circulación, el SOL por acción (SPS) de la compañía es de 0.0456, equivalente a $7.16 por acción. Los SOL recién adquiridos serán apostados en varios validadores, incluidos los validadores propios de DFDV, para generar rendimiento.

DeFi Development Corp. (나스�: DFDV)� 평균 가� $154.85153,225 솔라�(SOL)� 매입했으�, � 가치는 � $23.72백만� 달합니다. 이번 매입은 이전 전환사채 발행� 관련된 그린� 옵션 행사로부� $9.65백만� 부분적으로 자금 조달되었습니�.

이번 인수 � DFDV� 현재 846,630 SOL � SOL 등가�� 보유하고 있으�, � $133.1백만� 가치를 지니고 있어 공개� 솔라� 재무 회사 � 최대 규모� 자랑합니�. 18,577,134�� 발행 주식 수를 기준으로 회사� 주당 SOL 비율(SPS)은 0.0456이며, 이는 주당 $7.16� 해당합니�. 새로 매입� SOL은 DFDV 자체 솔라� 검증자� 포함� 다양� 검증자� 스테이킹되어 수익� 창출� 예정입니�.

DeFi Development Corp. (Nasdaq : DFDV) a acquis 153 225 Solana (SOL) à un prix moyen de 154,85 $, représentant une valeur totale d'environ 23,72 millions de dollars. L'achat a été partiellement financé par 9,65 millions de dollars issus de l'exercice d'une option greenshoe liée à une précédente émission d'obligations convertibles.

Suite à cette acquisition, DFDV détient désormais 846 630 SOL et équivalents SOL, évalués à environ 133,1 millions de dollars, s'imposant comme la plus grande trésorerie publique Solana. Avec 18 577 134 actions en circulation, le SOL par action (SPS) de la société s'élève à 0,0456, soit l'équivalent de 7,16 $ par action. Les SOL nouvellement acquis seront mis en staking auprès de divers validateurs, y compris les validateurs Solana propres à DFDV, afin de générer des rendements.

DeFi Development Corp. (Nasdaq: DFDV) hat 153.225 Solana (SOL) zu einem Durchschnittspreis von 154,85 $ erworben, was einem Gesamtwert von etwa 23,72 Millionen $ entspricht. Der Kauf wurde teilweise durch 9,65 Millionen $ aus der Ausübung einer Greenshoe-Option im Zusammenhang mit einem früheren Wandelanleiheangebot finanziert.

Nach diesem Erwerb hält DFDV nun 846.630 SOL und SOL-Äquivalente, die einen Wert von etwa 133,1 Millionen $ haben, und etabliert sich damit als das größte öffentliche Solana-Treasury-Unternehmen. Bei 18.577.134 ausstehenden Aktien liegt der SOL pro Aktie (SPS) des Unternehmens bei 0,0456, was einem Wert von 7,16 $ pro Aktie entspricht. Die neu erworbenen SOL werden über verschiedene Validatoren, einschließlich der eigenen Solana-Validatoren von DFDV, gestakt, um Erträge zu generieren.

Positive
  • Became the largest Solana treasury company by holdings and market cap
  • Total SOL holdings valued at $133.1 million
  • Strategic staking approach to generate additional yield through validators
  • Successfully funded acquisition partially through greenshoe option proceeds
Negative
  • Significant exposure to SOL price volatility
  • Large concentration in a single cryptocurrency asset

BOCA RATON, FL, July 10, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company�) the first public company with a treasury strategy built to accumulate and compound Solana (“SOL�), announced today the purchase of 153,225 Solana (“SOL�) at an average purchase price of $154.85 and valued at approximately $23.72 million. Following this transaction, DeFi Dev Corp. now holds approximately 846,630 SOL and SOL equivalents, including staking rewards, making the Company the largest Solana treasury company, by both total holdings and market capitalization.

The latest purchase was funded, in part, by $9.65 million in net proceeds from the exercise of the greenshoe option tied to the Company’s previously announced convertible note offering.


Below is a summary of DeFi Dev Corp.’s current SOL position and key per-share metrics as of July 10, 2025:

  • Total SOL & SOL Equivalents Held: 846,630
  • Total SOL & SOL Equivalents Held (USD): approximately $133.1 million
  • Total Shares Outstanding: 18,577,134
  • SOL per Share (“SPS�): 0.0456
  • SPS (USD): $7.16

Shares outstanding are as of July 9, 2025. The most recently purchased SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp.’s own Solana validators to generate native yield.

The Company will continue to provide suitable updates to our Treasury and underlying strategies, through public releases and regulatory filing(s), as available.


About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (“DeFi�) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.

The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs�), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS�) lenders, Small Business Administration (“SBA�) lenders, and more. The Company’s data and software offerings are generally offered on a subscription basis as software as a service (“SaaS�).

Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company’s SOL are carried on its balance sheet; (ii) the effect of and uncertainties related the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company’s SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:

Media Contact:
Prosek Partners


FAQ

How many Solana (SOL) tokens did DeFi Development Corp (DFDV) purchase in July 2025?

DeFi Development Corp purchased 153,225 Solana (SOL) tokens at an average price of $154.85, valued at approximately $23.72 million.

What is DeFi Development Corp's (DFDV) total Solana holdings after the July 2025 purchase?

After the purchase, DFDV holds 846,630 SOL and SOL equivalents, valued at approximately $133.1 million, making it the largest public Solana treasury company.

What is DFDV's Solana per Share (SPS) ratio as of July 2025?

DFDV's Solana per Share (SPS) ratio is 0.0456 SOL, equivalent to $7.16 per share, based on 18,577,134 shares outstanding.

How does DeFi Development Corp plan to generate returns from its Solana holdings?

DFDV plans to stake its newly acquired SOL to various validators, including its own Solana validators, to generate native yield through staking rewards.

How did DeFi Development Corp fund the July 2025 Solana purchase?

The purchase was partially funded by $9.65 million in net proceeds from the exercise of a greenshoe option related to the company's previous convertible note offering.
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