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DeFi Development Corp expands Solana holdings to 2.56 million SOL amid Q3 growth

Nasdaq-listed DeFi Development Corp. added 26,203 SOL between late September and early October, bringing its Solana treasury to roughly 2.56 million SOL worth $302 million as NAV per share doubled.

DeFi Development Corp. logo featuring an orange arch symbol above the company name on a dark background.
Image: @TheBlockCo

Nasdaq-listed DeFi Development Corp. acquired approximately 26,203 SOL between Sept. 28 and Oct. 2, lifting its treasury to roughly 2.56 million SOL and equivalents valued at $302 million. Media outlets including CoinMarketCap and crypto.news reported the purchase, while SolanaNews.sol cited the company's total stash at 2.564 million SOL.[1][2][3][4][6]

According to reporting by The Block, the company's preliminary third-quarter estimates show double-digit growth in SOL per share and more than 100% growth in net asset value per share as of Sept. 30 compared with Aug. 12. Total holdings have increased about 11% since the company's Aug. 12 earnings update.[2][5]

The latest addition totaled $3 million in Solana and represented a 1% increase in the company's stash, Decrypt reported from the firm's recent SEC filing. The weekly increase was roughly half the size of the prior week's gain and tracked well behind the purchasing rate seen in mid-September.[6]

Key facts

  • DeFi Development Corp. acquired 26,203 SOL between Sept. 28 and Oct. 2.
  • The company's Solana treasury reached about 2.56 million SOL and equivalents valued at $302 million, up roughly 11% since Aug. 12.
  • Preliminary Q3 estimates indicated double-digit growth in SOL per share and more than 100% growth in NAV per share from Aug. 12 to Sept. 30.
  • An SEC filing showed a $3 million addition representing a 1% holdings increase, roughly half the prior week's gain and below mid-September's pace.
  • DeFi Development Corp. is listed on Nasdaq.
  • SolanaNews.sol reported the purchase raised total holdings to 2.564 million SOL.

Sources · 6 sources

  1. SS

    SolanaNews.sol@solananewPost on X ·

    🚨BREAKING: @DEFIDEVCORP PURCHASES ANOTHER 26,203 SOL — BRINGING ITS TOTAL HOLDINGS TO 2.564 MILLION SOL!!!🚨 https://t.co/HqUdnEG6hs

    Open source
  2. TB

    The Block@TheBlockCoPost on X ·

    THE BLOCK: DeFi Development Corp. said preliminary Q3 estimates show double-digit growth in SOL per share and more than 100% growth in NAV per share as of Sept. 30 compared with Aug. 12. $DFDV The company added about 26,203 SOL from Sept. 28 through Oct. 2, bringing its holdings to roughly 2.56 million SOL and solana:So11111111111111111111111111111111111111112 equivalents worth $302 million, up about 11% since its Aug. 12 earnings update.

    Open source
  3. CO

    CoinMarketCap@CoinMarketCapPost on X ·

    LATEST: 💰 DeFi Development Corp. added 26,203 SOL to its Solana treasury, bringing its holdings to 2.56M SOL and equivalents. https://t.co/MlnY9qjzP5

    Open source
  4. CN

    crypto.news@cryptodotnewsPost on X ·

    JUST IN: DeFi Development Corp. adds 26,203 $SOL to its treasury The purchase brings the company’s total Solana holdings to 2.56 million SOL and equivalents. https://t.co/iIMgvefvlL

    Open source
  5. TB

    The BlockArticle ·

    DeFi Development sees NAV per share more than doubling, holds 2.56 million SOL DFDV says preliminary Q3 estimates show NAV per share more than doubled as its Solana treasury grew to 2.56 million SOL.

    Open source
  6. DE

    DecryptArticle ·

    DeFi Development Corp Adds $3 Million in Solana as SOL Buys Slow Nasdaq-listed DeFi Development Corp's latest SEC filing shows its Solana stash grew 1%, to about 2.56 million SOL and SOL equivalents—roughly half the prior week's gain and well below mid-September's pace.

    Open source