DeFi Development Corp. Purchases Record 172,670 SOL, Surpasses $100M in Treasury Holdings

Rhea-AI Summary

DeFi Development Corp. (NASDAQ: DFDV) has made its largest Solana purchase to date, acquiring 172,670 SOL at an average price of $136.81, totaling approximately $23.6 million. This marks the company's 10th Solana purchase under its digital asset treasury strategy. Following this transaction and including staking rewards, DFDV now holds 595,988 SOL, valued at approximately $102.7 million.

The company's key metrics as of May 12, 2025, include 2,037,531 total shares outstanding, with 0.293 SOL per share (SPS), equivalent to $50.42 per share. DFDV plans to stake the newly acquired SOL across various validators, including its own, to generate native yield.

Positive

• Achieved significant milestone with treasury holdings surpassing $100M in Solana
• Largest single SOL purchase to date at 172,670 tokens
• Generated additional value through staking rewards
• Strong SOL per share (SPS) metrics at $50.42

Negative

• Significant exposure to SOL price volatility
• Large concentration of assets in a single cryptocurrency
• Substantial capital allocation at relatively high SOL prices ($136.81 average)

BOCA RATON, FL, May 12, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) announced today the purchase of 172,670 Solana (“SOL”) at an average purchase price of $136.81 and valued at approximately $23.6 million. This marks the Company’s 10th Solana purchase under its digital asset treasury strategy and the largest purchase to date. Following the transaction, DeFi Development Corp. now holds a total of 595,988 SOL, valued at approximately $102.7 million, inclusive of staking rewards.

Below is a summary of DeFi Dev Corp’s current SOL position and key per-share metrics as of May 12, 2025:

• Total SOL Held: 595,988
• Total SOL Held (USD): approximately $102.7 million
• Total Shares Outstanding: 2,037,531
• SOL per Share (“SPS”): 0.293
• SPS (USD): $50.42

As with all previously purchased tokens, the most recently purchased SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp.’s own Solana validators to generate native yield.

The Company will continue to provide suitable updates to our Treasury and underlying strategies, through public releases and regulatory filing(s), as available.

About DeFi Development Corp.

DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve on the balance sheet will be allocated to Solana (SOL). In adopting its new treasury policy, the Company intends to provide investors a way to access the Solana ecosystem. The Company’s treasury policy is expected to provide investors economic exposure to SOL investment.

We are an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions as well as value-add services to multifamily and commercial property professionals as we connect the increasingly complex ecosystem that stakeholders have to manage.

We currently serve more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. Our data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”).

Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company’s SOL are carried on its balance sheet; (ii) the effect of and uncertainties related the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company’s SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:
ir@defidevcorp.com

Media Contact:
Prosek Partners
pro-ddc@prosek.com

FAQ

How many Solana (SOL) tokens does DeFi Development Corp (DFDV) currently hold?

DeFi Development Corp currently holds 595,988 SOL tokens, valued at approximately $102.7 million, including staking rewards.

What was DFDV's latest Solana purchase price and quantity?

DFDV purchased 172,670 SOL at an average price of $136.81, totaling approximately $23.6 million.

What is DFDV's Solana per Share (SPS) ratio as of May 2025?

DFDV's Solana per Share (SPS) is 0.293 SOL, equivalent to $50.42 USD per share.

How does DFDV utilize its Solana holdings?

DFDV stakes its SOL holdings across various validators, including its own Solana validators, to generate native yield.

How many Solana purchases has DFDV made under its treasury strategy?

This is DFDV's 10th Solana purchase under its digital asset treasury strategy.