DeFi Dev Corp. Surpasses 2 Million SOL Holdings, Treasury Valued at $499 Million

Boca Raton, FL – DeFi Development Corp. (NASDAQ: DFDV) announced a significant expansion of its digital asset treasury today, acquiring an additional 62,745 Solana (SOL) tokens. This latest purchase brings the company's total Solana holdings to 2,095,748 SOL, which were valued at approximately $499 million as of September 16, 2025. The company shared the update on social media, stating, "> The $SOL stackin’ continues. 🚀 Today, we announce that we've purchased another 62,745 SOL. This brings our total treasury holdings to 2,095,748 SOL - worth approximately ~$499 million as of September 16, 2025."

DeFi Development Corp., which rebranded from Janover Inc. in April 2025, operates with a treasury policy explicitly designed to accumulate and compound Solana. This strategy positions DFDV as the first public company offering investors direct economic exposure to the Solana ecosystem. The newly acquired SOL will be held long-term and staked across various validators, including DFDV's own, to generate native yield and enhance its proprietary SOL per Share (SPS) metric, currently at 0.0816, or $19.44 per share.

The company's continued accumulation aligns with Solana's robust growth in 2025, marked by high transaction volumes, low fees, and expanding utility across decentralized finance (DeFi) and non-fungible tokens (NFTs). Analysts note Solana's increasing institutional interest and significant developer activity, with some projections suggesting SOL could reach $400-$600 by year-end. Solana's ecosystem has demonstrated resilience and adaptability, solidifying its position as a leading player in the Web3 landscape.

DFDV's aggressive crypto treasury management strategy is further bolstered by changes in accounting standards, effective in 2025, which allow public companies to use fair-value accounting for digital assets. This shift reduces earnings volatility and makes holding cryptocurrencies like SOL more attractive for corporate treasuries. The company also employs a "Treasury Accelerator" model, aiming to expand Solana-focused treasury vehicles globally through strategic partnerships.