DeFi Development Corp. reported a big increase in its SOL holdings per share over the past year, showing its aggressive strategy in the Solana ecosystem.
The company said its SOL per share rose 108% year over year to 0.0670 as of May 13. It now holds more than 2.29 million SOL and SOL equivalents. Management said this growth came from strategies that go beyond the traditional Bitcoin treasury model made popular by Strategy.
The company has been staking SOL through validator operations, working with the meme coin project Bonk for validator infrastructure, and putting a large part of its treasury directly on-chain.
CEO Joseph Onorati said Solana offers benefits such as native staking rewards and DeFi integration that Bitcoin-focused treasury strategies do not.
The company reported $2.66 million in quarterly revenue, up 827% year over year. However, its losses grew to $83.4 million because the value of its digital asset holdings fell following a weakening in SOL prices.
Despite these losses, the company remains on track to reach 1 SOL per share by December 2028. Management is confident that greater involvement in the Solana ecosystem will create long-term value for shareholders, even amid short-term market ups and downs.
Solana treasury firm DeFi Development Corp reports 108% yearly growth in SOL per share https://t.co/n7E0qliymf
— The Block (@TheBlockCo) May 14, 2026
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