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Positive
Significant SOL treasury growth to 999,999 SOL ($181 million)
13% week-over-week increase in SOL per Share (SPS)
Generated 1,867 SOL from staking and validator rewards
Large remaining ELOC capacity of $4.98B (99.6% unused)
Additional revenue stream from third-party delegated stake
Negative
Dilution from 740,000 new shares issued through ELOC
High acquisition cost with average SOL purchase price of $133.53
Significant exposure to SOL price volatility
07/22/2025 – 09:50 AM
BOCA RATON, FL – July 22, 2025 – In a corrected announcement, DeFi Development Corp. (NASDAQ:DFDV), a public company strategically amassing Solana (SOL) for its treasury, now confirms holdings of 999,999 SOL and SOL equivalents. An earlier report overstated SOL purchase and understated organic growth by 1,000 SOL; figures have been adjusted accordingly, leaving total SOL holdings and SPS unchanged.
The company’s expanded position follows a recent acquisition of 140,383 SOL between July 14th and 20th, executed at an average price of $133.53, totaling roughly $19 million. This purchase includes both spot acquisitions and discounted, locked SOL. Total SOL holdings also reflect staking rewards and on-chain activity.
Key metrics as of July 20, 2025, include:
* Total SOL & SOL Equivalents Held: 999,999, a 142,250 increase from the previous balance of 857,749
* Total SOL & SOL Equivalents Held (USD): approximately $181 million
* Organic SOL Growth: Approximately 1,867 SOL earned through staking, validator revenue, and other on-chain activities between July 14 – July 20
* Total Shares Outstanding as of July 18, 2025: 19,445,837
* SOL per Share (“SPS”): 0.0514, representing an approximate 13% increase week over week
* SPS (USD): $9.30
The acquired SOL will be held long-term and staked across various validators, including DeFi Dev Corp.’s own Solana validators, targeting native yield generation. This strategy reflects a growing trend among publicly traded companies to diversify holdings with crypto assets, particularly within the burgeoning DeFi space.
Equity Line of Credit Usage
DeFi Dev Corp. drew approximately $19.2 million month-to-date via its Equity Line of Credit facility (“ELOC”), issuing 740,000 shares. Roughly $5 million remains available for future SOL purchases.
Year-to-date, DeFi Dev Corp. has tapped only 0.4% of its ELOC, leaving approximately $4.98 billion available.
Staking Update
As of July 20, 2025, nearly all of the Company’s unlocked SOL was staked via its validator infrastructure, generating native yield. The Company’s validators also host third-party delegated stake, creating an additional revenue stream. Between July 14 – July 20, staking, validator operations and on-chain activity generated approximately 1,867 SOL in rewards.
DeFi Dev Corp. pledges ongoing updates regarding their treasury and underlying strategies through public and regulatory channels.
About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) allocates its treasury reserve primarily to SOL, granting investors direct exposure to the Solana ecosystem. Beyond holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, collecting staking rewards and fees from delegated stake. The Company also explores decentralized finance (“DeFi”) opportunities to capitalize on Solana’s expanding application layer.
The Company operates an AI-powered online platform connecting the commercial real estate industry through data, software subscriptions, and value-added services for multifamily and commercial property professionals, facilitating management of an increasingly complex ecosystem.
The Company’s platform serves over one million web users annually, including multifamily and commercial property owners and developers seeking billions in debt financing, service providers, and thousands of lenders (representing >10% of US banks, credit unions, REITs, debt funds, Fannie Mae®, Freddie Mac® multifamily lenders, FHA multifamily lenders, CMBS lenders, SBA lenders, and more). Data and software offerings are primarily SaaS-based subscriptions.
Forward-Looking Statements
This release includes “forward-looking statements” as defined by the U.S. Private Securities Litigation Reform Act of 1995, identifiable by terms like “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,”, “should,” “will,” and future-oriented references. These statements, not assurances of future performance, are based on current beliefs, expectations, and assumptions regarding business dynamics, plans, strategies, projections, and economic conditions. Due to inherent uncertainties, risks, and uncontrollable circumstances, real results and financial situations may deviate materially from forward-looking projections. Reliance on these statements thus becomes inappropriate. Risks include (i) fluctuations in SOL pricing potentially leading to write-downs, (ii) interest rate volatility, (iii) future profitability, (iv) regulatory impacts and compliance challenges, (v) SOL accounting treatment modifications, (vi) reactions to economic cycles, (vii) effective growth management and expansion, (viii) access to capital (debt financing, other sources), (ix) and further factors detailed under “Risk Factors” in the Company’s latest Form 10-K and SEC filings. Results may significantly differ from expected outcomes due to these factors, data changes, assumption errors, and other situational factors. The Company undertakes no obligation to update forward-looking statements, except if legally mandated.
How many Solana (SOL) tokens does DeFi Development Corp (DFDV) currently hold?
DFDV holds 999,999 SOL and SOL equivalents valued at approximately $181 million as of July 20, 2025.
What is DFDV’s current SOL per Share (SPS) ratio?
DFDV’s SOL per Share (SPS) is 0.0514, representing a 13% increase week over week, with a USD value of $9.30 per share.
How much did DFDV raise through its Equity Line of Credit (ELOC)?
DFDV raised $19.2 million in net proceeds through its ELOC, issuing 740,000 shares of common stock, using only 0.4% of the total facility capacity.
How many SOL rewards did DFDV earn from staking and validation?
Between July 14-20, 2025, DFDV earned 1,867 SOL in combined rewards from staking, validator operations, and onchain activities.
What was the average purchase price for DFDV’s recent SOL acquisition?
DFDV purchased 140,383 SOL at an average price of $133.53 between July 14-20, 2025.
