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DeFi Development Corp Expands Solana Treasury to 2.56 Million SOL

The Nasdaq-listed company reported a doubling of its preliminary net asset value per share alongside steady additions of Solana tokens.

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DeFi Development Corp disclosed in an October 5 filing that its corporate treasury held approximately 2,564,212 SOL and SOL equivalents, carrying a stated valuation of around $302 million. The company added roughly 26,203 tokens to its balance sheet after September 28.

The firm's total Solana holdings have risen by roughly 11% since its August 12 financial update, reflecting direct purchases alongside organic accumulation from staking activities. Preliminary third-quarter figures indicate double-digit growth in SOL per share and an increase exceeding 100% in net asset value per share from August 12 to September 30.

Management noted that the reported third-quarter performance metrics are preliminary and unaudited. Final results remain subject to shifts in the company's capital structure and fluctuations in Solana's market price, which leaves common shareholders exposed to asset volatility alongside standard equity risks.

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