- DeFi Dev Corp purchased 141,383 Solana between July 14 and 20 using $19 million in equity funding.
- The company now holds 999,999 SOL, valued at around $192 million at current prices.
- Weekly staking and validator rewards brought in 867 SOL through on-chain activity.
- SOL per share increased by 13% to $9.30, reflecting treasury growth.
DeFi Development Corp. made a major move last week by raising $19 million through its Equity Line of Credit. The funding was used to buy 141,383 SOL between July 14 and July 20, averaging $133.53 per token. With this purchase, the company’s total Solana position jumped from 857,749 to 999,999 SOL.
The acquisition was a mix of spot purchases and discounted locked SOL. Around $5 million from the funding round remains unused, reserved for future token buys. So far, DeFi Dev Corp. has tapped just 0.4% of the $5 billion available in its equity line, leaving plenty of room for continued accumulation.
Also Read: Solana (SOL) Reclaims Key Levels Amid Market Surge, Eyes Breakout Toward $350–$400
Staking Drives Organic Growth
The company isn’t just holding Solana; it’s putting it to work. Nearly all unlocked SOL is staked through DeFi Dev Corp.’s validator infrastructure. That generates yield directly on-chain. Between July 14 and July 20, staking and validator operations produced 867 SOL in new earnings.
Alongside its staking, the company also receives delegated stake from outside participants. That creates an extra income stream from validator fees. All earned SOL is added to the treasury, helping grow the total holdings without new purchases.
SOL per Share Up by 13%
As of July 20, the company’s 999,999 SOL was valued at approximately $181 million. With 19,445,837 shares outstanding, this translates to 0.0514 SOL per share, or $9.30 in dollar terms. That figure marks a 13% increase compared to the previous week.
This growth shows how the company’s staking model and ongoing purchases are working together to raise shareholder value. By combining direct purchases with on-chain earnings, DeFi Dev Corp. continues to expand both its treasury and its per-share asset value.
Focused on Solana Long-Term
DeFi Development Corp. has built its business model around Solana. It’s the first publicly traded company with a treasury strategy centered entirely on accumulating and compounding SOL. Along with holding tokens, the company operates validators and earns rewards through its infrastructure.
The firm also engages in broader DeFi activities tied to the Solana network. It uses its AI-powered software platform to support real estate professionals, connecting them with tools and data. This hybrid strategy gives the company exposure to both blockchain and tech industries, anchored by its commitment to Solana.
Also Read: Solana Price Analysis: SOL Eyes Breakout Toward $270 Resistance
