- DeFi Development now sits just one Solana token shy of million.
- Firm spends $198 million, staking rewards boost treasury by 867 SOL.
- Equity Line of Credit leaves $5 million available for future SOL.
DeFi Development Corp, a Nasdaq-listed company, is making headlines again. The firm announced on Monday that it is now just one Solana (SOL) token away from reaching a total of one million SOL in its treasury. This step follows the acquisition of 141,383 SOL by DeFi Development Corp between July 14 and July 20. The huge acquisition cost the company an equivalent amount of $198 million.
DeFi Dev Uses Equity Credit, Eyes More SOL With $5M Remaining
The company stated that the recent acquisition involved spot purchases and discounted locked SOL. Moreover, the company achieved 867 SOL in staking, validator rewards, and other onchain operations. The move underscores the fact that DeFi Development Corp is committed towards expanding its Solana positions.
Moreover, the company intends to do long-term holding of the new SOL. It will delegate these tokens on various validators, also those of its own Solana validators. In this way, the company will receive native yield of its assets. This model achieves not just the growth in the value of the treasury but will also lead to the constant flow of income to DeFi Development Corp.
The company is also acquiring the funds to support its increased Solana position through its Equity Line of Credit (ELOC). This month up to now, DeFi Development Corp has sold a little over 740,000 shares of its common stock of approximately 19.2 million dollars. Interestingly, about 5 million dollars of this money is yet to be used to buy up additional SOL.
Meanwhile, the business has utilized a very limited part of its ELOC capacity. So far, the DeFi Development Corp.has attracted only 0.4 per cent of the total available credit. This implies that only $0.03 is utilized under the facility close to $4.98 billion. The huge credit cushion will allow the firm to keep increasing its SOL treasury whenever the opportunities present themselves.
DeFi Development Nears 1M SOL, Earns Extra Income via Staking
DeFi Development Corp is not the only firm making bold moves in the Solana space. Just a day ago, Mercurity Fintech revealed that it raised a $200 million Equity Line of Credit with Solana Ventures Ltd. The deal is a significant milestone in the journey of Mercurity as it accumulates a treasury of digital assets of Solana.
Besides, an increasing number of businesses are developing interest in Solana. As an example, MemeStrategy (Hong Kong-listed company involved in digital assets) has recently entered the Solana ecosystem. The month prior to the current one, MemeStrategy bought more than 2,400 SOL tokens. These cases demonstrate that Solana is gaining popularity with companies that want to diversify their crypto funds.
By July 20, 2025, nearly 100 percent of DeFi Development Corp unlocked SOL is staked. The validators of the company do not only stake their SOL but also third-party delegated stakes. Such a structure offers an additional income in the form of validator rewards. Within only July 14th-July 20th, the company gained approximately 867 SOL in staking and validator revenue.
Finally, DeFi Development Corp is only a single token away from reaching the one million SOL threshold. Still, the company is gaining positions in the Solana ecosystem with its robust treasury strategy, prudent credit utilization, and emphasis on staking. The future of Solana and the crypto market, in general, is promising as more companies tend to follow this trend.