DeFi Development Corporation Adds $9.9M in Solana to Treasury

BOCA RATON, FL, April 23, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corporation (Nasdaq: JNVR) (the “Company”) today announced the purchase of approximately 65,305 Solana (SOL) tokens. Following this transaction, DeFi Development Corporation now holds approximately 317,273 SOL, valued at $48.2 million, including staking rewards.

Below is a summary of DeFi Development Corporation’s current SOL position and key per-share metrics as of April 23, 2025:

$ Value of SOL Held: approximately $48.2 million

Total Shares Outstanding: Approximately 1.5M

SOL per Share (“SPS”): 0.22, valued at $32.88 per share

SOL/Share Growth (“SPS” Growth vs. last purchase): 40%

A portion of the Solana acquired includes locked SOL sourced via BitGo’s OTC desk, which facilitates purchases from institutional sellers subject to time-based unlock schedules. Any tokens acquired through this program will be held on a long-term basis and staked to generate native yield.

Locked SOL refers to tokens held under contractual restrictions, typically from vesting schedules, bankruptcies, venture allocations, or project-specific lockups. These tokens cannot be transferred on-chain until their unlock period expires, but can still be bought and sold over-the-counter between qualified parties.

“This is a clear example of the strategic execution we’ve built our treasury strategy around,” said Joseph Onorati, Chief Executive Officer of DeFi Development Corporation. “By gaining access to locked discounted inventory through a trusted partner like BitGo, we’re able to accumulate some of our SOL below market prices while deepening our alignment with the Solana ecosystem.”

Further updates will be included in the Company’s upcoming regulatory filings.