DeFi Development Corp., a Nasdaq-listed financial services company, added approximately 26,203 SOL worth roughly $3 million to its treasury between September 28 and October 2, according to an 8-K filing disclosed October 5. The company now holds 2,564,212 SOL and SOL equivalents, valued at $302 million.
The acquisition pace has slowed compared to previous weeks. The company added 101,381 SOL in the week ending September 18 and 47,706 SOL the following week, making the latest purchase roughly half the prior week's volume.
DeFi Development Corp. operates as a digital asset treasury company, applying a concentrated investment strategy to Solana. The company runs its own validators on the Solana network and offers shares through regular brokerage accounts, positioning itself as a leveraged play on SOL price movements. Shareholders gain exposure to Solana through the company's stock ticker DFDV.
The company has raised capital through its CHAD preferred stock offering, which provides dividend priority over common stock. CHAD shares currently pay a 13% annual dividend, or $1.30 per share. The company also established a $300 million at-the-market program to sell shares at market prices over time.
DeFi Development Corp. reported its treasury grew 11% since August 12. In preliminary third-quarter estimates as of September 30, the company stated that SOL per share and total SOL holdings increased by double digits since August 12, while net asset value per share grew more than 100%.
The company was previously known as Janover, a commercial real estate platform, until its 2025 pivot to focus on Solana accumulation. In May 2025, it held nearly 600,000 SOL.
