DeFi Development Corp resumes Solana purchases, acquiring nearly 20,000 SOL

Nasdaq-listed DeFi Development Corp. resumed adding to its Solana treasury, acquiring roughly 19,000 SOL at an average price of $98.14, bringing its holdings to approximately 2.33 million SOL and (SOL) equivalents.The purchase was partially funded by its ZeroStack divestment, with the new SOL expected to be held long-term and deployed through its staking infrastructure. DeFi Development and ZeroStack previously signed a strategic partnership in September 2025."DFDV is designed to provide investors with leveraged exposure to Solana, and we believe the recent trading activity demonstrates that investors increasingly understand that value proposition," CEO Joseph Onorati said in a release. "Our equity has become one of the most liquid ways to express that view within the SOL DAT category, while our treasury continues to generate differentiated organic yield."DFDV's return has been more than twice that of SOL in the month of August, while quarter-to-date, shares have outperformed SOL by 1.8x. Onorati says this is a demonstration of the leveraged SOL exposure DFDV is designed to provide."That combination of amplified SOL exposure, strong trading liquidity, and differentiated treasury yield is the DFDV model at work," he added.Stacked SOL Holdings by Public Companies in USDEarlier this week, DeFi Development Corp. launched the "State of Solana," a public real-time data and research platform tracking the network’s market, staking, validator, yield, and ecosystem metrics.DFDV shares traded higher by 12% to $5.04 at publication time, giving the SOL DAT a market capitalization near $160 million. The stock remains down about 5.5% year-to-date.For its part, Solana is up more than 11% over the past 24 hours to $107.11, according to The Block's SOL price data. The token is up nearly 40% over the past month, but still down 14% in 2026.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.