Institutional Solana Treas: DeFi Development Solana Purchase Expands

In a bold move, DeFi Development Corp. (Nasdaq: DFDV) has expanded its Solana Treasury by buying 86,307 SOL tokens, worth about $16 million, at an average price of $110.91 per SOL. This fresh DeFi Development Solana Purchase pushes its total holdings to 2,195,926 SOL, now valued near $426 million.

Source: CoinGecko

The newly acquired tokens will be staked through DeFi Corp.’s own validator network to generate yield. This approach blends long-term accumulation with active participation in Solana’s ecosystem, providing investors indirect on-chain exposure via public equity.

A Big Step in Accumulation: A Strategic Solana-Treasury Move

This new buy represents a 4.7% increase in its total SOL-stack, making the firm one of the top five public Solana-holders globally. The company’s SOL-per share (SPS) now stands at 0.0760, equal to $14.67 per share, a key figure for investors tracking Solana's exposure through public equities.

Founded earlier this year by former Kraken employees, DeFi-Development has built its business model around buying, staking, and supporting Solana’s ecosystem . By holding more than 2 million SOL, the company is positioning itself as a key institutional Solana-whale, alongside firms like Galaxy-backed Forward Industries.

Solana-Plays are Heating Up

As Solana becomes a major player in the Layer-1 race, public-private firms are betting big on it despite the dips, currently trading at $177, caused by the recent market crash . Where DeFi accumulated the 2.19 million asset, another Nasdaq-listed ‘Solana's Company’ bought $530 million $SOL for its treasury.

According to the latest data, about 2.5% of total supply (13.5M SOLs), is held by nine major entities.

Leading the pack is Forward industries with 6.8M SOLs, followed by DeFi Development Corp. Meanwhile, Galaxy Digital is also coming up with its $1,160,000,000 purchase last month.

Altcoin Gaining Momentum

The company's aggressive Solana-accumulation underscores a clear shift in institutional pattern, from most famous digital assets like Bitcoin , Ethereum, to other high potential options like-SOL. The asset’s rapid growth, high throughput, rising on-chain activity adding on in its attraction.

This interest is working in the way to bring more altcoin in the limelight or choice for the big treasuries. For now SOL-coin is proving itself and continues on its path to achieve even bigger goals to prove its community’s beliefs.