DeFi Development Corp’s Solana Treasury Soars Past $400M with Latest Strategic Buy

DeFi giant makes power move—drops another massive stack on SOL.

Treasury Titans

That $400M threshold isn't just a number—it's a statement. While traditional finance plays with bonds, DeFi Development Corp is stacking digital gold. Their latest acquisition rockets their Solana holdings into uncharted territory, showcasing pure conviction in on-chain assets.

Solana's institutional embrace isn't slowing down. This buy signals deeper liquidity pools and sharper strategic positioning. They're not hedging—they're all-in.

Guess Wall Street's still trying to figure out their cold storage passwords.

DFDV stock price dips

Shares of DeFi Development Corp (DFDV) ended Thursday’s trading at $15.21, a decline of 7.59%. However, the stock saw some respite, as it increased by nearly 1% to close the after-hours trading session at $15.36, according to Google Finance.

The stock is up 1,710% year-to-date, but is still down nearly 57% from its May 22 high of $35.53.

During the June quarter, the company reported its revenue was up 350% year-on-year, while its net profit margin was up 525% during the same period.

In June, analysts at Cantor Fitzgerald initiated coverage of DeFi Development Corp, assigning DFDV with an “overweight” rating with a price target of $45.

Solana fastest asset to reach $100 billion market capitalization

Crypto asset manager Bitwise Asset Management posted that Solana has achieved the $100 billion market capitalization milestone in less than five years.

Solana outpaced tech giants like Google and Meta, which took seven and nine years, respectively, to achieve the milestone.

Solana has been up 26.2% in the past 30 days and 54.5% in the past year, according to CoinGecko.