DeFi Dev Corp Nears 1M SOL Treasury, Boosts Solana Staking

DeFi Dev Corp has amassed 999,999 SOL in its treasury after acquiring 141,383 SOL between July 14–20 at an average price of $133.53, bringing its holdings to over $200 million. The firm raised $19.2 million by issuing 740,000 shares and staked all new SOL via its own validator nodes, earning 867 SOL (~$156,000) in one week. Its SOL per share metric climbed 13% to 0.0514 SOL per share (~$9.30), and it retains $5 million in dry powder for roughly 24,000 more SOL. Meanwhile, Upexi purchased 100,000 SOL for $17.7 million on July 17, lifting its total to 1,818,809 SOL (~$367 million), with half acquired at a discount in locked form, generating about $94.7 million in unrealized gains. These equity-funded, volatility-driven treasury strategies underline growing institutional demand for Solana staking and concentrated SOL accumulation.