DeFi Development Corp Surpasses $100 Million in Solana Holdings
DeFi Development Corp, a US-based digital asset company, has announced the purchase of 172,670 SOL, worth approximately $23.6 million, marking the largest single Solana purchase in the company’s history.
Total Solana Holdings Surpass $100 Million
According to an announcement on May 12, 2025, DeFi Dev Corp’s total Solana holdings have now reached 595,988 SOL, worth $102.7 million, including staking rewards. This is a major step forward in the company’s digital asset treasury strategy, an initiative that was launched after the company rebranded from Janover Inc. earlier this year.
From Real Estate SaaS to Web3 Treasury
Under the new leadership of former Kraken executives – CEO Joseph Onorati and CIO Parker White – DeFi Dev Corp has completed its transition from a real estate SaaS platform to a public Web3 treasury organization focused on transparent and efficient digital asset allocation, with Solana at the core of its strategy.
All tokens are staked by the company across multiple validators, including its own staking platform, to optimize yield and support the security of the Solana network.
Share Price Up 2200% Following SOL Acquisition Announcement
DeFi Dev Corp shares have increased by more than 2200% since the SOL acquisition announcement, demonstrating a strong positive investor response. As of the reporting date, the company has 2,037,531 shares outstanding, each representing 0.293 SOL, valued at approximately $50.42 at current market prices.
Continuous Solana Buying Strategy – 10th Deal
The latest purchase is the 10th since the company launched its Solana investment strategy. Previously in April, DeFi Dev Corp purchased $11.5 million in SOL, after successfully raising $42 million in investment capital.
Commitment to Transparency and Support for the Solana Ecosystem
The company’s official website now provides real-time data on the state of the treasury, including SOL balances and staking rewards. CEO Joseph Onorati emphasized:
“Our mission is to bring crypto closer to the public markets through transparent and responsible capital allocation. We don’t just invest – we contribute to the stability and growth of the Solana ecosystem.”
A leading public SOL holder
With its current SOL holdings, DeFi Development Corp has become one of the largest public Solana holders in the world. The company plans to continue updating its digital asset strategy through public reports and a dedicated digital asset disclosure platform, aiming to increase transparency and trust from the investor community.
