DeFi Growth Corp has added one other 196,141 Solana (SOL) to its treasury, spending almost $39.76 million to develop its stake within the fast-growing blockchain.
Key Takeaways:
- DeFi Growth Corp has doubled its Solana holdings to over 2 million SOL, now price roughly $412 million.
- The agency is funding its purchases utilizing a $5 billion fairness line, with simply 0.4% tapped up to now.
- Regardless of speedy accumulation, DFDV shares are down 57% from their peak however stay up 1,710% year-to-date.
The acquisition brings the agency’s complete holdings to simply over 2.02 million SOL, now valued at roughly $412 million.
Based on Thursday’s announcement, the corporate acquired the tokens at a median worth of $202.76 and plans to stake your entire quantity to generate yield.
DeFi Growth Corp Doubles SOL Holdings After $125M Increase
The transfer follows a $77 million SOL purchase final week on the identical day the corporate closed a $125 million fairness elevate. DeFi Growth Corp’s SOL holdings have now doubled since July 21.
Regardless of the aggressive accumulation, shares of DFDV fell 7.59% on Thursday to shut at $15.21, earlier than recovering barely in after-hours buying and selling to $15.36, per Google Finance.
The inventory stays up 1,710% year-to-date, however continues to be buying and selling 57% under its Could 22 peak of $35.53.
The primary publicly listed firm to construct its treasury technique solely round Solana, DeFi Growth Corp. has been on a gentle accumulation path all through 2025.
In July, it reached the symbolic milestone of holding 1 million SOL after buying 141,383 tokens for round $19 million.
To fund acquisitions, the agency is drawing from a $5 billion fairness line of credit score, although solely 0.4% has been used up to now.
1/ Achievement Unlocked: 2 Million $SOL
Right this moment, we announce the acquisition of 196,141 SOL at an avg. worth of $202.76, bringing complete treasury holdings to 2,027,817 SOL.
This newest buy marks an +11% enhance from our prior acquisition introduced on August 28, 2025.pic.twitter.com/31YUMpvZOw
— DeFi Dev Corp. (DFDV) (@defidevcorp) September 4, 2025
In its June quarter report, the corporate posted a 350% enhance in income year-over-year and a 525% soar in internet revenue margin.
In the identical month, Cantor Fitzgerald started protection on DFDV with an “chubby” ranking and a $45 worth goal.
In the meantime, Solana itself continues to draw investor curiosity.
Galaxy, Soar, and Multicoin Plan $1B Solana Treasury Guess
As reported, Galaxy Digital, Soar Crypto, and Multicoin Capital are in talks to lift round $1 billion to construct the most important Solana treasury up to now.
Bloomberg reported that Cantor Fitzgerald has been tapped because the lead banker, with the Solana Basis backing the deal, which may shut in early September.
The plan entails taking up a publicly traded firm and changing it right into a digital asset treasury automobile devoted to Solana.
Likewise, Pantera Capital is making ready to lift as a lot as $1.25 billion to rework a Nasdaq-listed firm into “Solana Co.,” a public automobile constructed to build up Solana (SOL) as a treasury asset
The plan reportedly entails an preliminary $500 million elevate, adopted by $750 million by way of warrants.
If accomplished, it might mark one of many largest devoted efforts to create a public Solana treasury automobile.
The transfer follows Pantera’s disclosure earlier this month that it has already deployed about $300 million into digital asset treasury (DAT) corporations.
Asset supervisor Bitwise not too long ago famous that Solana had reached a $100 billion market cap in underneath 5 years, quicker than legacy tech corporations like Google and Meta, which took seven and 9 years, respectively.
SOL has gained 26.2% prior to now 30 days and is up 54.5% year-on-year, in response to CoinGecko, with staking yields and company curiosity offering contemporary tailwinds for the ecosystem.
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