$2.7M Purchase Fuels Solana Treasury Firm’s Expansion of SOL Holdings and Staking Efforts

Solana’s ecosystem saw a fresh wave of support on Thursday as DeFi Development Corp (DFDV), based in Florida, announced it had boosted its SOL treasury by acquiring 17,760 more tokens for about $2.72 million. The purchase averaged out to roughly $153.10 per token, aligning with the firm’s commitment to increasing both its SOL reserves and staking income.

Following this latest buy, DeFi Dev Corp now holds a total of 640,585 SOL tokens and equivalents, valued around $98.1 million. With 14,740,779 shares outstanding, this translates to 0.042 SOL per share, or approximately $6.65 per share based on current market prices.

The new SOL tokens are set to be staked across various validators, including the company’s own Solana nodes. This staking activity not only generates native rewards and validator fees but also supports network security and decentralization.

DeFi Dev Corp has distinguished itself as the first publicly listed firm to build its treasury primarily around Solana. In addition to acquiring and staking SOL, it actively explores DeFi opportunities and contributes to the growth of Solana’s broader ecosystem. Through this treasury model, shareholders gain direct economic exposure to SOL while helping to advance the blockchain’s development.

At the latest reading, SOL was trading around $150.75, reflecting a 1.6% decline over the past 24 hours, according to CoinDesk Research. Meanwhile, the broader crypto market, tracked by the CoinDesk 20 Index (CD20), edged up by 0.13% during the same period.

Technical Market Details

Between 2 July at 17:00 and 3 July at 16:00 UTC, SOL’s price fluctuated between $156.28 and $150.04, marking a 4.15% volatility range.
Strong resistance emerged near $156 early in the session, prompting a downward reversal amid high trading volume.
In midday trading (12:00–15:00 UTC), SOL slipped under key support at $152, eventually stabilizing near $150.44.
During the final hour (15:16–16:15 UTC), SOL declined by 0.63%, dropping from $151.85 to $150.89.
A significant selloff hit at 15:35 UTC, pushing prices down to $150.44 on heavy trading volume totaling 213,600 tokens.
Buying support appeared around $150.35, helping prices rebound slightly in the closing minutes.