- The company acquired 407,247 SOL tokens in its latest purchase.
- DeFi Dev Corp. now holds approximately $371 million worth of Solana, totaling 1.83 million coins.
- On-chain indicators support SOL’s bullish trajectory.
The first Nasdaq-listed company with a Solana-centered treasury strategy is once again in the spotlight.
According to its latest press release, DeFi Development Corp. disclosed the purchase of 407,247 SOL assets valued at roughly $77 million.
The recent accumulation brought the company’s total SOL holdings to 1,831,011 tokens, worth about $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. used funds from its most recent capital raise to finance the purchase and still retains over $40 million for additional Solana purchases and to support treasury operations.
This aggressive move reflects the company’s conviction in Solana’s growth potential.
Solana’s price has shown optimistic performance amid these developments, and on-chain metrics back DeFi Dev Corp.’s accumulation strategy.
Long-term holding and staking plans
DeFi Development Corp. has clearly stated that it is not seeking short-term gains.
The company confirmed it will hold the newly acquired Solana long term and distribute the assets across multiple validators.
The announcement stated:
The newly acquired SOL will be held long-term and staked across a variety of validators, including DeFi Dev Corp’s own Solana validators, to generate native yield.
The staking strategy allows the company to earn native yield while contributing to the security and health of the Solana blockchain.
Additionally, this approach offers potential upside for shareholders by combining staking rewards with SOL price appreciation.
What does this mean for Solana?
Solana has dominated crypto trends in recent months, seeing increased adoption across payments, meme coins, DeFi, and NFTs.
Its scalability and speed have made it an attractive option for institutions and developers alike.
DeFi Dev Corp.’s Solana holdings reflect how markets increasingly view Solana as an asset with utility and growth potential beyond speculation.
Furthermore, the endorsement from a Nasdaq-listed company lends additional legitimacy to the altcoin, making it more appealing to institutions seeking crypto exposure.
Bullish outlook for Solana
These developments come as the native token trades in positive territory.
SOL gained more than 15% last week, reaching $211.
On-chain sentiment is bullish, and the community is voting on the Alpenglow proposal.
The proposal aims to reduce block finality from 12.8 seconds to 150 milliseconds.
If adopted, this change would enable the blockchain to handle thousands of transactions per second while keeping transaction fees near zero.
By comparison, Ethereum’s finality times are significantly longer—transactions that can take minutes on Ethereum are effectively instantaneous on Solana.
These narratives align with analyst expectations, many of whom predict substantial gains for SOL.
For example, analyst Ali Martinez mapped a short-term path for Solana toward $300.
Solana $SOL breaks out of a triangle, targeting $300! pic.twitter.com/B8oJTPKdNm
— Ali (@ali_charts) August 28, 2025
That projection would imply a gain of more than 40% from current market prices.
Moreover, growing institutional interest paves the way for potentially significant long-term rallies.
Supporters believe Solana has the fundamentals to surge toward $1,000 in a full bull market.