DeFi Development Corporation Purchases Approximately $11.5 Million of Solana (SOL) as Part of New Treasury Strategy

Core Viewpoint - DeFi Development Corporation has strategically increased its investment in Solana (SOL) by purchasing 88,164 SOL for approximately $11.5 million, bringing its total holdings to 251,842 SOL valued at around$34.4 million, which includes staking rewards [1][3]. Group 1: Investment Strategy - The newly acquired SOL will be staked immediately to generate yield and enhance the security of the Solana network [1]. - This purchase is part of the company's recent $42 million financing round, indicating a proactive approach to capital deployment under favorable market conditions [1][2]. - The Board of Directors approved a treasury policy on April 4, 2025, focusing on the long-term accumulation of cryptoassets, starting with Solana [2]. Group 2: Financial Metrics - As of April 22, 2025, DeFi Development Corporation holds a total of 251,842 SOL valued at approximately$34.4 million [1][7]. - The total shares outstanding are 1,466,549, resulting in a SOL per share (SPS) of 0.17, valued at $23.47 per share, reflecting a 62% growth in SPS compared to the last purchase [7]. Group 3: Company Overview - DeFi Development Corporation aims to provide investors with access to the Solana ecosystem through its treasury policy, which allocates principal holdings to SOL [3]. - The company plans to operate one or more Solana validators to stake treasury assets, contributing to network security and reinvesting staking rewards [2].