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By Siamak Masnavi, CD Analytics|Edited by Aoyon Ashraf
Jul 3, 2025, 5:10 p.m.
- DeFi Dev Corp acquired 17,760 SOL for $2.72 million, bringing total holdings to roughly 640,585 SOL.
- The company now holds $98.1 million worth of SOL, with 0.042 SOL per share based on current data.
- All SOL is staked with various validators, including DeFi Dev Corp’s own, as part of its active yield strategy.
Solana’s on-chain fundamentals gained a major vote of confidence on Thursday as Florida-based DeFi Development Corp (DFDV) announced it had expanded its SOL
treasury by acquiring 17,760 additional tokens. The purchase, valued at approximately $2.72 million, was executed at an average price of $153.10 per token. This move aligns with the company’s stated long-term strategy of compounding SOL holdings and staking rewards.
Following this acquisition, DeFi Dev Corp’s total holdings reached 640,585 SOL and SOL equivalents, representing a U.S. dollar value of around $98.1 million. Based on the company’s last reported total of 14,740,779 shares outstanding, the current SOL-per-share (SPS) stands at 0.042, or roughly $6.65 per share using the day’s price data.
STORY CONTINUES BELOW
All newly acquired SOL will be staked with a variety of validators, including DeFi Dev Corp’s own infrastructure on the Solana network. This approach enables the company to earn native yield through staking rewards and validator fees, while directly contributing to Solana’s decentralization and operational resilience.
DeFi Dev Corp has positioned itself as the first public company to make Solana the centerpiece of its treasury strategy. In addition to accumulating and staking SOL, it is also actively engaged in decentralized finance (DeFi) opportunities and ecosystem participation. The company’s treasury strategy offers shareholders direct economic exposure to the token while supporting Solana’s application-layer development.
At the time of writing, SOL was trading at around $150.75, down 1.6% in the past 24-hour period, according to CoinDesk Research’s technical analysis model. Meanwhile, the broader crypto market, as gauged by the CoinDesk 20 Index (CD20), is up 0.13% in the same period.
Technical Analysis Highlights
- SOL ranged from $156.28 to $150.04 between July 2 17:00 and July 3 16:00, reflecting 4.15% volatility.
- Strong resistance formed at $156 during early trading hours, with above-average volume triggering a reversal.
- Price dropped below key support at $152 during the 12:00–15:00 period, settling at $150.44.
- In the final hour (15:16–16:15 UTC), SOL declined 0.63% from $151.85 to $150.89.
- A sharp selloff occurred at 15:35 UTC, with price dropping to $150.44 on high volume (213.6K).
- Support emerged at $150.35 with increasing buy-side activity and a modest recovery in the final minutes.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
