TLDR
- DeFi Dev Corp has increased its Solana holdings to 999,999 tokens following a $198 million purchase.
- The company acquired 141,383 SOL through spot buys, locked token discounts, and staking rewards.
- All newly acquired SOL has been immediately staked to earn native yield and support the Solana network.
- DeFi Dev Corp raised $19.2 million in July by issuing 740,000 shares of common stock.
- The firm has $5 million remaining for future Solana purchases based on current market prices.
DeFi Dev Corp has brought its Solana holdings to the edge of a major milestone following a fresh $198 million acquisition. The company’s treasury now holds 999,999 SOL after accumulating 141,383 tokens between July 14 and July 20. This purchase comes as Solana rallied 12% on Sunday, pushing the token price over $202 by Monday.
The firm acquired SOL through a mix of spot purchases, discounted locked tokens, and rewards from staking and validator operations. These 867 earned tokens reflect ongoing on-chain activity contributing to treasury growth. Each newly added SOL has been staked immediately, enabling DeFi Dev Corp to earn native yield on all of its holdings.
The company’s current strategy continues to rely on leveraging market momentum while reinforcing its long-term stake in Solana. As of now, DeFi Dev Corp has only $5 million remaining for additional SOL purchases. At current market value, the firm could use those funds to add about 24,752 tokens to its treasury.
Solana Stays Central to DeFi Dev Corp’s Crypto Strategy
DeFi Dev Corp has confirmed its exclusive commitment to Solana for the foreseeable future, favoring the token’s performance and yield. According to CEO Joseph Onorati, the firm aims to capitalize on SOL’s volatility through convertible debt models. The strategy remains focused on increasing returns to shareholders by optimizing token-driven revenue.
Since entering crypto, DeFi Dev Corp has consistently expanded its position in SOL without shifting to any other digital assets. The firm initiated its holdings on April 8 with a 2,858-token acquisition, marking a shift from real estate to blockchain finance. Formerly known as Janover, the company transitioned its model to focus on tokenized treasuries supported by public financing.
4/ All newly acquired $SOL is being staked immediately, earning native yield while helping secure the Solana network.
— DeFi Dev Corp. (@defidevcorp) July 21, 2025
Month-to-date, DeFi Dev Corp raised $19.2 million by issuing 740,000 common shares to fund its Solana purchases. This capital injection has allowed the firm to maintain a steady buying pace aligned with price momentum. Despite the strategic execution, the company’s stock dropped 3.65% Monday but rebounded to $24.55 in after-hours trading.
Public Companies Signal Growing Interest in Solana
Other listed firms have also moved into Solana, signaling rising institutional confidence in the blockchain ecosystem. Bit Mining, a Bitcoin mining firm, announced a strategic pivot on July 10 toward Solana-based operations. The company plans to raise $300 million to create its token treasury.
Meanwhile, Hong Kong-listed MemeStrategy made headlines on June 16 after acquiring 2,440 SOL. Following the investment, MemeStrategy’s shares jumped 28.5%, reflecting investor interest in Solana exposure.
