TLDR:
- DeFi Development Corp purchased 196,141 SOL at $202.76, pushing total holdings past 2 million for the first time.
- With 25.5M shares, DFDV stock now equals 0.0793 SOL per share, or about $16.70 in Solana exposure.
- The company plans to stake its SOL with validators, including its own, to generate ongoing native yield.
- Adjusted share count with warrants could reach 31.4M, but SOL per share is not expected to fall below 0.0675.
The race between public companies to build crypto treasuries took another turn this week. DeFi Development Corp, listed on Nasdaq under DFDV, confirmed a new Solana purchase.
The company has been stacking SOL through a treasury strategy that mirrors the asset’s moves. Shareholders now see their equity tied closer to Solana’s price swings. This alignment brings higher upside but also sharper exposure to market risk.
DFDV Buys 196,141 SOL at $202.76
According to a press release, DeFi Development Corp acquired 196,141 SOL. The company paid an average of $202.76 for the tokens. With this move, total holdings now stand at 2,027,817 SOL, valued near $427 million.
The company stated that this latest purchase increased its treasury size by 11 percent compared to the previous update. Shares outstanding as of the same date totaled 25,573,702. On that basis, each share equals 0.0793 SOL, translating to around $16.70 in Solana value.
The newly added tokens will not remain idle. DeFi Development Corp plans to stake them across different validators, including its own Solana nodes. That approach allows the treasury to compound returns by generating native yield from the network.
Wu Blockchain first reported on the update, adding that the company’s strategy locks its stock closer to Solana’s daily trading performance. Market watchers described the move as another step in creating direct exposure to the asset.
DeFi Development Corp. (Nasdaq: DFDV) announced it acquired 196,141 SOL at an average price of $202.76, bringing total holdings to 2,027,817 SOL (about $427M). With 25,573,702 shares outstanding, this equals 0.0793 SOL (≈$16.70) per share.https://t.co/YomxnxE9l5
— Wu Blockchain (@WuBlockchain) September 5, 2025
Solana Price and Shareholder Exposure
Based on data from CoinGecko, Solana traded at $207.21 on September 5. The token showed a small daily dip of 0.18 percent and a 7-day decline of 3.19 percent. Despite this, DeFi Development Corp’s stock value now reflects Solana’s performance in near real time.
The company clarified that its current share count excludes warrants from earlier financing. If exercised, total shares would expand to around 31.4 million. Even with that adjustment, management projected that per-share Solana value will remain above 0.0675.
Crypto analytics platform Alva commented that DFDV’s move doubles down on Solana exposure. The post noted that while sentiment around the stock is bullish, volatility risk grows if Solana weakens further. Short-term technical signals showed a bearish MACD but a deeply oversold CRSI, pointing to possible sharp swings ahead.
This direct tie between stock and token means future performance will hinge on SOL’s price path. With 2 million SOL now in the vault, DFDV has set its course firmly with the network.
