Company Acquires $2.7 Million Worth of Solana, Sending Its Price Soaring

DeFi Development Corp. surges 17% post $2.7M investment in Solana (SOL). Boosting cash reserves with 640,585 staked SOL. Explore this strategic move.

Written by Charles Ledoux

Translated on July 4, 2025 at 15:50 by Marie

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Treasury Company Bets on Solana to Boost Its Stock Price

DeFi Development Corp experienced a 17% surge in its stock price after announcing a $2.7 million investment in the cryptocurrency Solana (SOL). This acquisition is part of the company’s long-term strategy to diversify its treasury holdings.

⚡️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

DeFi Development Corp. purchased 17,760 SOL tokens at an average price of $153.10, bringing its total Solana reserves to 640,585 SOL, valued at approximately $98 million. The company stated its intention to hold these tokens long-term and place them in staking to generate yields.

Amid the market noise today, there is signal.

Please meet my new project, @defidevcorp. It’s a public crypto company with a new strategy going live today. I like to think of it as Microstrategy For Everything Else… and we’re starting with Solana.

It’s a team run by Kraken… pic.twitter.com/c3I176lx7h
— Marco Santori (@msantoriESQ) April 7, 2025

Described by its director, Marco Santori, as the “MicroStrategy for everything else”, the company announced back in April that it would begin by accumulating Solana.

A Spectacular Stock Market Rebound

This announcement sparked enthusiasm among investors, causing DeFi Development Corp.’s stock price to jump nearly 17% to reach $23.80. After the market close, the stock climbed an additional 0.8% to settle at $24. In just two days, the share price has surged 30% from its Wednesday low of $18.47.

Despite a 30% decrease in quarterly revenue and a 15.5% drop in net profit margin, DeFi Development Corp. continues to attract investor attention thanks to its solid treasury strategy.

The company recently raised $112.5 million through private placements, part of which will be used to acquire more SOL. With promising prospects for Solana, DeFi Development Corp. appears well-positioned to weather market turbulence.

Moreover, Marco Santori is the former CLO of Kraken and a partner at Pantera Capital. His experience in crypto gives the company an advantage in the universe of public companies venturing into cryptocurrency.

In summary, DeFi Development Corp. once again demonstrates that betting on cryptocurrencies, particularly Solana, can prove rewarding for companies looking to diversify their treasury holdings. With this strategic acquisition, the company affirms its confidence in the future of the Solana network and its ambition to capitalize on the growth of the crypto asset sector.

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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