DeFi Dev Raises $19M to Lift SOL Holdings to 1M, Stakes All

Published: 2025-07-21 18:39:02 |

DeFi Dev Corp, dubbed the altcoin world’s MicroStrategy, tapped a $19M equity line to buy 141,383 SOL at an average price of $133.53, boosting its SOL holdings to 999,999 tokens (approx. $192M). This move strengthens DeFi Dev’s SOL holdings and underlines growing institutional demand for SOL. All SOL assets are staked on-chain, earning 867 SOL in rewards between July 14 and 20. With 19.45M shares outstanding, DeFi Dev holds 0.0514 SOL per share—up 13% week-over-week—and valued at $9.30 per share. The immediate staking highlights a long-term yield strategy and confidence in the Solana network.

Bullish

DeFi Dev’s large-scale SOL acquisition via a $19M equity line and immediate on-chain staking demonstrates robust institutional demand and reduces liquid supply, driving upward price pressure. The staking rewards reinforce passive income prospects and network security, attracting further whale investment. In the short term, concentrated treasury accumulation tends to push prices higher, while long-term staking commitments support sustained demand and positive market sentiment for SOL.