DeFi Dev Corp adds 86,307 SOL to its expanding $426m treasury

DeFi Dev Corp continues to execute its stated strategy, using remaining capital from its equity financing to methodically increase its SOL position irrespective of short-term price fluctuations.

According to a press release dated Oct. 16, the Nasdaq-listed entity DeFi Development Corp. has further cemented its unique corporate strategy with the acquisition of 86,307 Solana (SOL) tokens.

The purchase, executed at an average price of $110.91 per token, expands the company’s total SOL and SOL-equivalent holdings to 2,195,926, a position currently valued at roughly $426 million. The firm confirmed the newly acquired assets will be staked long-term across a range of validators, including its own infrastructure, to generate yield.

Building a corporate treasury model around Solana

This latest purchase of 86,307 SOL represents a 4.7% increase in the firm’s total holdings, a concrete step in its ongoing deployment of capital from a recent equity financing round.

The purchase also signals ongoing confidence from the company’s backers, which include notable figures from the digital asset and exchange world. Founded by a group of former Kraken employees, DeFi Dev Corp has leveraged deep industry experience to build a validator infrastructure that now supports both its own staking operations and those of external clients.

The firm ranks among the five largest public holders of Solana, behind Forward Industries, backed by Galaxy, Jump Crypto, and Multicoin Capital, which holds nearly 7 million tokens.

Notably, the development comes just a week after the company partnered with Superteam Japan to launch DFDV JP, the first Solana-focused treasury project in Japan. This initiative, part of DFDV’s Treasury Accelerator program, provides operational and technical support for international expansion, including balance sheet seeding and validator infrastructure.

The partnership with Superteam Japan, a group that has already forged enterprise-level alliances with Minna Bank and Fireblocks, signals a strategic push to embed the Solana ecosystem within one of the world’s most regulated and mature digital asset markets.