DeFi Development Corp., listed on Nasdaq under the ticker DFDV, has recently made significant strides in its treasury strategy focused on accumulating and compounding holdings in Solana (SOL). The company reported the acquisition of 196,141 SOL tokens at an average purchase price of $202.76 each. This sizeable acquisition enhances the company’s overall holdings to 2,027,817 SOL, marking an 11% increase since their last reported acquisition.
As of the latest update, the total value of the company’s Solana holdings is approximately $427 million. With a total of 25,573,702 shares outstanding, the SOL per Share (SPS) metric stands at 0.0793 SOL, equivalent to about $16.70. Notably, the current share count reflects only those shares that are issued and outstanding, excluding pre-paid warrants from a recent equity financing. If these warrants were considered, the adjusted share count would approximately reach 31.4 million.
The newly acquired SOL tokens are intended for long-term holding and will be staked across various validators, including the company’s own Solana validators, to generate native yield. Despite the inclusion of warrants impacting the total share number, the company projects that the SPS will not fall below its pre-financing level of 0.0675, thereby reinforcing expectations for continued growth.
DeFi Development Corp. is pioneering a treasury policy that prioritizes SOL as its primary asset, thereby providing investors with direct exposure to the cryptocurrency while simultaneously engaging in the burgeoning Solana ecosystem. Apart from holding and staking SOL, the company has established its own validator infrastructure, enabling it to earn staking rewards and fees from delegated stakes.
The organization also focuses on decentralized finance (DeFi) opportunities, actively exploring innovative strategies to leverage and benefit from the expanding applications within the Solana network. Furthermore, DeFi Development Corp. operates as an AI-driven online platform for the commercial real estate sector, offering data and software subscriptions along with value-added services. This platform serves over one million users each year, including a broad spectrum of stakeholders in multifamily and commercial property sectors, managing substantial amounts of debt financing.
The company’s offerings are generally provided as Software as a Service (SaaS), catering to property owners, developers, and various lending institutions, including a significant percentage of banks and credit unions across the United States.
DeFi Development Corp. cautions that this announcement contains forward-looking statements, which are based on current expectations and assumptions that may not hold true in the future. Factors that could lead to different outcomes include fluctuations in SOL market prices, changes in interest rates, regulatory uncertainties, and the company’s ability to sustain profitability and manage growth effectively. As these factors may influence actual results, the company advises investors to consider risks as detailed in its most recent Annual Report and other filings with the SEC.
For more information, interested parties can reach out via the provided investor and media contact emails.
