DeFi Development Corp. (Nasdaq: DFDV) has acquired 47,272 Solana (SOL) tokens at an average price of $149.09, valued at $7.03 million. As per the data, the company, presently valued at $340.66 million, shows impressive momentum with a 10% rise over the last week.
This latest acquisition reflects a 64.1% growth in the company’s SOL holding over the
past two months, up from 420,690 tokens. The newly added SOL will be staked across multiple validators, including DFDV’s infrastructure, as part of its long-term strategy to generate native yield.
This update follows the company’s July 3 purchase , where it acquired 17,760 SOL valued at approximately $2.72 million, showing its continued dedication to acquiring SOLANA.
Source: CoinMarketCap
As of writing, SOL was trading at $152.85. This announcement comes at a time when the Solana surrounding is witnessing heightened activity. Crypto markets have taken notice of the transfer of 450,000 SOL tokens from a confidential wallet to the Binance exchange on the same day as the company’s most recent acquisition. The Firm’s current market cap is $82 billion.
In the meantime, optimism is growing that exchange-traded funds (ETFs) based in Solana might get approved. As per reports, the Securities and Exchange Commission (SEC) has taken over the files and asked potential lenders to revise and resubmit their proposals by the end of July 2025. Market sentiment indicates a higher than 90% possibility of approval by the end of 2025. However, delays may take place.
