Solana’s Bright Future: Nasdaq-Listed Company’s $100M Treasury Milestone Signals Strong Confidence
DeFi Development Corporation (DFDV), a Nasdaq-listed company, has made headlines with its latest solana (SOL) acquisition, marking a significant milestone in its crypto treasury strategy. The firm purchased 172,670 SOL at an average price of $136.81 per token, totaling $24 million. This brings DFDV’s total Solana holdings to nearly 600,000 SOL, valued at approximately $105 million. The announcement triggered a 19% surge in DFDV’s shares, adding to an already impressive year-to-date gain of 1,700%. This move underscores growing institutional confidence in Solana’s long-term potential and its role in the decentralized finance (DeFi) ecosystem. As of May 13, 2025, Solana continues to demonstrate resilience and adoption, with major players like DFDV betting big on its future. The acquisition not only highlights Solana’s appeal as a high-performance blockchain but also reflects broader trends of traditional finance embracing digital assets. With such substantial investments, Solana’s trajectory appears bullish, reinforcing its position as a leading platform for scalable and efficient decentralized applications.
Nasdaq-Listed Company Hits ’Major Milestone’ as Solana Treasury Tops $100 Million
DeFi Development Corporation, a Nasdaq-listed entity, has announced its largest Solana acquisition to date, adding 172,670 SOL at an average price of $136.81 per token. This $24 million purchase elevates the firm’s total holdings to nearly 600,000 SOL, valued at approximately $105 million.
Shares of DFDV surged 19% following the announcement, compounding a staggering 1,700% year-to-date gain. "Crossing the $100 million mark in Solana purchases is a major milestone—but it’s just the beginning," stated CEO Joseph, signaling continued institutional accumulation.
The move underscores growing corporate treasury adoption of crypto assets, with Solana emerging as a preferred altcoin choice for institutional portfolios. Market observers note the purchase coincides with SOL’s recovery from its 2022 bear market lows.
DeFi Development Corp Expands Solana Holdings to $102.7 Million in Strategic Pivot
DeFi Development Corporation has aggressively increased its Solana exposure with a $23.6 million purchase of 172,670 SOL tokens. This marks the company’s largest single crypto acquisition since rebranding from Janover Inc. earlier this year.
The firm now holds 595,988 SOL tokens worth approximately $102.7 million, including staking rewards. This positions the company with 0.293 SOL per outstanding share, valued at $50.42 based on current market prices.
Led by former Kraken executives, the company has transformed from a real estate SaaS provider into a public crypto treasury vehicle. The Solana accumulation reflects growing institutional confidence in the blockchain’s ecosystem amid broader market recovery.
Pump.fun Launches Creator Rewards Program with $7M Potential Based on April Volume
Pump.fun rolled out a rewards initiative for token creators on May 12, allowing them to earn 0.05% of trading volume in Solana (SOL) from transactions on PumpSwap. Eligible tokens must be newly created, still trading on Pump.fun’s bonding curve, or previously migrated to PumpSwap. Retroactive rewards are excluded, with only post-May 12 volume qualifying.
DefiLlama data reveals the program WOULD have distributed $7.3 million to creators last month, calculated from $14.6 billion in combined April volume across Pump.fun and PumpSwap. Rewards auto-accumulate and are claimable on-chain via the creator’s wallet through their Pump.fun profile.
Microcap Stocks Ride Crypto Wave with Solana and Bitcoin Plays
Penny stocks are capitalizing on cryptocurrency hype as education tech firm Classover Holdings (KIDZ) saw its shares surge from $1.15 to over $7 after announcing a $400 million share sale to purchase Solana. The thinly traded company, previously valued under $50 million, now trades at $3.69—a pattern repeating across microcap markets.
This mirrors a growing trend among obscure public companies adopting crypto not for operational use, but as a balance sheet strategy. GD Culture Group (GDC), with a $30 million market cap, appears poised to follow the playbook: announce digital asset holdings, trigger a price spike. Solana and Bitcoin remain the favored tokens for these headline-driven maneuvers.
