[DeFi Development Reports Q1 Net Loss of $83.4 Million, But Per Share SOL Holdings Grow 108% in One Year] According to The Block, Solana treasury company DeFi Development Corp reported that despite an expanded loss in the first quarter, its per share SOL holdings grew 108% over the past year, rising from 0.0322 to 0.0670. As of May 13, the company held approximately 2.2946 million SOL and equivalents. CEO Joseph Onorati stated that the company achieved growth through strategies such as internal staking, operating joint validator nodes in collaboration with Bonk, and deploying over 25% of its treasury on-chain. He emphasized that the Strategy approach is a starting point, not a ceiling. The company reported Q1 revenue of $2.66 million, an 827% year-over-year increase, but a net loss of $83.4 million, compared to $7.78 million in the same period last year, primarily due to the decline in SOL prices.