DeFi Development Corp Adds 26,203 Solana to Treasury

Nasdaq-listed digital asset treasury company DeFi Development Corp. added 26,203 SOL to its reserves between September 28 and October 2, according to an 8-K filing published on October 5. The acquisition lifts the firm's total holdings to 2,564,212 SOL and SOL equivalents, valued at approximately $302 million.

Treasury Growth Pace Cools

According to the regulatory filing, the latest addition represents a slowdown in the company's purchasing pace. The 26,203 SOL added during the period is roughly half of the 47,706 SOL added the prior week and about a quarter of the 101,381 SOL added during the week ending September 18. Despite the cooling pace, CEO Joseph Onorati noted in a press release that the company's treasury has expanded by 11% since August 12.

DFDV operates as a digital asset treasury business, running its own network validators while applying a balance-sheet accumulation model to Solana. The company issues CHAD, a preferred stock paying a 13% annual dividend, to help fund its asset purchases, alongside a $300 million at-the-market program.

Key facts

• DeFi Development Corp added 26,203 SOL between September 28 and October 2.
• Total holdings reached 2,564,212 SOL and SOL equivalents, valued at $302 million.
• The purchase pace dropped to about half of the previous week's 47,706 SOL addition.
• The company reported that its treasury is up 11% since August 12.