Solana treasury firm DeFi Development boosts SOL holdings nearly 5%, pays average of $110 per token
Quick Take Nasdaq-listed DeFi Development Corp. paid an average of about $110 per token to boost its Solana treasury holdings by nearly 5%. The firm holds over 2 million tokens worth about $426 million.
Solana treasury firm DeFi Development Corp. (ticker DFDV) has acquired an additional 86,307 SOL, worth $16 million, according to The Block’s price page .
The move increases the Nasdaq-listed firm's SOL horde by nearly 5%, totaling over 2 million tokens worth about $426 million, according to a release on Thursday.
DeFi Development Corp. purchased its latest tranche for an average price of $110.91 per SOL.
With about 28 million shares outstanding, the firm is reporting its "SOL per Share" metric is about $14.67 in dollar terms. This is down from its SOL per Share figure of $19.44 , with approximately 25 million shares outstanding, recorded in September.
Founded earlier this year by a team of former Kraken employees, DeFi Development executes a strategy of buying and staking SOL and Solana-related tokens, like the Dogwifhat memecoin. It also offers validator services, including for crypto exchange Kraken.
DeFi Development is one of the five largest public Solana holders, according to The Block’s data . That said, Forward Industries (FORD), backed by Galaxy, Jump Crypto, and Multicoin Capital, is the largest SOL treasury with nearly 7 million tokens, more than the next three largest treasuries combined.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PENGU Price Forecast: Managing Immediate Market Fluctuations and Exploring Future AI Opportunities
- PENGU token's price fell to $0.01114 in Nov 2025, far below its 2024 peak of $0.068, amid regulatory and macroeconomic risks. - Short-term volatility is amplified by SEC ETF delays, $7.68M short positions, and susceptibility to broader crypto market downturns. - Long-term potential emerges through AI-driven features like dynamic staking and cross-chain interoperability, plus Schleich's physical collectible partnerships. - Pudgy Penguins' hybrid digital-physical model, including Walmart retail presence, d
The Rise of Dynamic Clean Energy Markets
- CleanTrade, CFTC-approved as a Swap Execution Facility (SEF), transformed clean energy markets into institutional-grade assets by standardizing VPPAs, PPAs, and RECs. - The platform addressed fragmented pricing and opaque risks, enabling $16B in transactions within two months and bridging renewable assets with institutional capital. - Institutional investors now use CleanTrade’s tools to hedge fossil fuel volatility and lock in renewable energy prices, mirroring traditional energy strategies. - Global cl
COAI Token Fraud: Insights for Cryptocurrency Investors During Times of Regulatory Ambiguity
- COAI token's 88% collapse in late 2025 exposed systemic risks in AI-driven DeFi ecosystems, with $116.8M investor losses. - Governance flaws included 87.9% token concentration in ten wallets, untested AI stablecoins, and lack of open-source audits. - Panic selling accelerated by AI-generated misinformation and CEO resignation, amid conflicting global crypto regulations. - Lessons emphasize scrutinizing token distribution, demanding transparent audits, and avoiding jurisdictions with regulatory ambiguity.
Renewable Energy Training as a Key Investment to Meet Future Workforce Needs
- Farmingdale State College's Wind Turbine Technology program aligns with surging demand for skilled labor in decarbonizing economies, driven by U.S. renewable energy targets. - Industry partnerships with Orsted, GE Renewable Energy, and $500K in offshore wind funding validate the program's role in addressing workforce shortages in expanding wind sectors. - Hands-on training with GWO certifications and VR simulations prepares graduates for high-demand, high-salary roles ($56K-$67K annually), reducing corpo
Trending news
MoreCrypto prices
More
