Solana Treasury Firm Increases SOL Assets and Enhances Staking Tactics With $2.7 Million Deal

Solana’s blockchain ecosystem received added momentum on Thursday as DeFi Development Corp (DFDV), headquartered in Florida, announced it had increased its SOL treasury. The firm purchased 17,760 SOL tokens at an average price of $153.10 each, spending around $2.72 million as part of its ongoing efforts to strengthen its reserves and enhance staking yields.

Following this acquisition, DeFi Dev Corp’s total SOL holdings now amount to 640,585 tokens and equivalents, valued near $98.1 million. With 14,740,779 shares currently outstanding, this translates to roughly 0.042 SOL per share, equaling about $6.65 in value per share at current market rates.

The newly bought SOL tokens will be staked across various validators, including the company’s own nodes within the Solana network. This staking approach not only generates rewards and validator fees but also supports decentralization and security on the blockchain.

DeFi Dev Corp stands out as the first publicly traded firm to base its treasury strategy around Solana. Beyond simply holding and staking SOL, the company actively explores decentralized finance (DeFi) opportunities and contributes to building out the Solana ecosystem. This treasury approach gives shareholders direct exposure to SOL’s market performance while promoting the growth of Solana’s broader infrastructure.

At last update, SOL was trading around $150.75, reflecting a 1.6% dip over the previous 24 hours, according to CoinDesk Research. Meanwhile, the broader crypto market, tracked by the CoinDesk 20 Index (CD20), posted a modest increase of 0.13% over the same period.

Technical Trading Details

• From 2 July at 17:00 UTC to 3 July at 16:00 UTC, SOL fluctuated between highs of $156.28 and lows of $150.04, showing a 4.15% trading range.
• Strong resistance developed near $156 early in the session, causing a reversal amid higher trading volumes.
• During the midday hours (12:00–15:00 UTC), SOL dropped below key support at $152 and settled near $150.44.
• In the last trading hour (15:16–16:15 UTC), SOL declined 0.63%, slipping from $151.85 to $150.89.
• A sharp drop occurred at 15:35 UTC, when SOL fell to $150.44 on significant volume of 213,600 tokens.
• Buying activity emerged around $150.35, helping SOL recover slightly in the session’s final minutes.