- The company’s most recent purchase added 407,247 SOL tokens to its treasury.
- DeFi Dev Corp. now holds approximately $371 million in Solana, totaling 1.83 million coins.
- On-chain indicators support a bullish trajectory for SOL.
The first Nasdaq-listed company with a treasury strategy focused on Solana is back in the spotlight.
According to the latest press release, DeFi Development Corp. disclosed the acquisition of 407,247 SOL tokens, worth roughly $77 million.
The recent accumulation increased the company’s total Solana holdings to 1,831,011 SOL, valued at approximately $371 million.
1/ Another major step forward: we’ve grown our treasury by 407,247 $SOL, bringing total holdings to 1,831,011 SOL (~$371M).
At an average purchase price of $188.98, our SOL holdings have increased by +29% since our last purchase announced on August 15, 2025.
🧵 pic.twitter.com/zsbVNdGvwa
— DeFi Dev Corp. (DFDV) (@defidevcorp) August 28, 2025
DeFi Dev Corp. financed this purchase through its latest fundraising round and still holds more than $40 million in reserve for future Solana purchases and general treasury operations.
This bold move signals the company’s conviction in Solana’s growth prospects.
Solana’s price has shown encouraging strength amid this development, while on-chain metrics back DeFi Dev Corp.’s accumulation strategy.
Long-term holding and staking plans
DeFi Development Corp. has made it clear that its focus is not short-term gains.
The company confirmed it will hold the newly acquired SOL long-term and stake it across various validators.
The announcement states:
The newly acquired SOL will be held long-term and staked across multiple validators, including DeFi Dev Corp’s own Solana validators, to generate native yield.
The staking strategy allows the company to generate native yields while contributing to the security and health of the Solana blockchain.
This approach also creates additional income opportunities for shareholders by combining staking rewards with potential SOL price appreciation.
What this means for Solana
In recent months Solana has dominated crypto narratives thanks to increased adoption across payments, meme coins, DeFi, and NFTs.
Its scalability and speed have made it a compelling choice for institutions and developers alike.
DeFi Dev Corp.’s sizable Solana position reflects how the market increasingly views SOL as an asset with utility and long-term potential beyond pure speculation.
Moreover, endorsement from a Nasdaq-listed company lends further legitimacy to the altcoin, making it more attractive to institutional investors seeking crypto exposure.
Bullish outlook for Solana
This development arrives while the native token trades in positive territory.
SOL gained more than 15% last week, reaching $211.
Bullish sentiment is further supported by community momentum behind the Alpenglow proposal.
The proposal aims to reduce block finality from 12.8 seconds to 150 milliseconds.
This would strengthen the blockchain by supporting thousands of transactions per second while maintaining near-zero fees.
For comparison, Ethereum’s twelve-minute finality appears slow—Solana confirmations happen almost instantly.
These developments echo analyst forecasts predicting significant gains for SOL.
For example, analyst Ali Martinez charted a path for Solana to reach $300 in the short term.
Solana $SOL breaks out of a triangle, targeting $300! pic.twitter.com/B8oJTPKdNm
— Ali (@ali_charts) August 28, 2025
If realized, that move would represent a rally of more than 40% from current market levels.
Rising institutional interest also sets the stage for a substantial long-term rally.
Supporters believe Solana could reach $1,000 in a full-blown bull market, driven by continued adoption, technical upgrades, and growing institutional allocations.