Solana Surges as DeFi Development Corp. Unveils New Treasury Strategy
Solana (SOL) is seeing a significant boost after DeFi Development Corp., a publicly listed trading software company, announced a new accumulation strategy that has been dubbed “MicroStrategy for Solana.” The move not only boosts the value of digital assets but also ushers in a new trend of corporate treasuries centered on SOL.
1. From SPS Strategy to Long-Term Accumulation Target
On June 14, DeFi Development Corp. announced a SOL per share (SPS) index, marking the first time a public company has set a clear accumulation target for SOL. Their target is to reach 1.0 SOL/SPS by 2028, a 261% increase from the current SPS level of 0.1650 (expected in June 2026).
To realize the plan, the company announced plans to purchase an additional 10,758 SOL equivalent to $18 million, bringing its total holdings to 846,630 SOL.
2. SOL-Centric Treasury Strategy
Unlike traditional companies that use Bitcoin as a treasury asset, DeFi Development Corp. chose Solana for strategic reasons:
Solana has a built-in deflationary model, creating value over time as the network is more widely used.
The company also operates Solana validators, generating passive income from staking SOL.
This model not only helps optimize returns from digital assets, but also makes SOL a strategic financial tool, similar to how Strategy uses BTC to reposition corporate value.
3. Impact on the Stock Market and Investors
The announcement of the SPS index and the planned expansion of the treasury not only increases the intrinsic value of DeFi Development Corp.’s stock, but also attracts stock investors who want to access crypto assets without having to manage their own wallets or face the risks of decentralized trading.
This makes the company’s stock a proxy for Solana, similar to how MicroStrategy represents Bitcoin in the stock market.
4. Could SOL become the next popular treasury asset?
While BTC still dominates the role of corporate treasury asset with Strategy currently holding over 601,550 BTC and a market cap of $126 billion, Solana’s rise in this role is an important signal.
DeFi Development Corp. currently has a market cap of $376 million, but if the SPS model is successful and the price of SOL continues to rise, the company could pave the way for a slew of other businesses to accumulate SOL as a new treasury strategy.
Conclusion: Solana is slowly becoming “the next Bitcoin” for businesses
With the introduction of a SOL per share index, a strategy to buy millions of dollars more in SOL, and the extraction of value from network validators, DeFi Development Corp. is laying the groundwork for a wave of businesses accumulating Solana. As the Solana network continues to expand and attract more DeFi developers, this move could be the turning point for SOL to become the next corporate treasury asset to compete directly with Bitcoin in the near future.
