DeFi Development Corp (DFDV) said Thursday in a company statement that it purchased an additional 196,141 SOL at an average price of $202.76 per token, expanding its Solana treasury to more than 2.02 million tokens, valued at roughly $412 million.
1/ Achievement Unlocked: 2 Million $SOL ✅
— DeFi Dev Corp. (DFDV) (@defidevcorp) September 4, 2025
Today, we announce the acquisition of 196,141 SOL at an avg. price of $202.76, bringing total treasury holdings to 2,027,817 SOL.
This latest purchase marks an +11% increase from our prior acquisition announced on August 28, 2025. 🧵 pic.twitter.com/31YUMpvZOw
Treasury acquisition and yield objective
The latest buy, worth $39.76 million, follows a $77 million Solana purchase on Aug. 28, which coincided with the completion of the company’s $125 million equity raise, according to corporate disclosures.
The firm said the holdings are being staked to generate yield, positioning SOL as the centerpiece of its digital asset strategy. The buildup has more than doubled the company’s Solana treasury since July 21.
DFDV stock performance
Shares of DFDV closed Thursday at $15.21, down 7.59%, before edging up to $15.36 in after‑hours trading, according to Google Finance.
The stock is up more than 1,710% year‑to‑date, but remains down 57% from its high of $35.53 on May 22.
For the June quarter, DFDV reported revenue growth of 350% year‑on‑year and a net profit margin increase of 525%. That same month, Cantor Fitzgerald initiated analyst coverage with an “overweight” rating and a $45 target price.
Solana milestone and broader context
In a separate update, Bitwise Asset Management highlighted that Solana recently reached a $100 billion market capitalization in under five years. By comparison, Google required seven years to hit the mark and Meta nine.
Solana: 0 to $100B+ in less than five years.
— Bitwise (@BitwiseInvest) September 4, 2025
👀 pic.twitter.com/XHkDlBTodX
According to CoinGecko, Solana has climbed 26.2% in the past 30 days and is up 54.5% year‑over‑year.
Gunel Ismayilova
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