DeFi Development Says Solana per Share Jumped 108% in Past Year
Summary
- DeFi Development said its Solana (SOL) holdings per share rose 108%% over the past year to 0.0670.
- The company said it holds a total of 2,294,576 SOL and Solana-linked assets and has deployed more than 25%% of its treasury assets into on-chain DeFi protocols.
- DeFi Development said it is maintaining its target of 1 SOL per share by the end of 2028 despite a 48%% drop in Solana’s price and a net loss of $83.4 million.
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DeFi Development, a Solana treasury strategy company that trades under the ticker DFDV, said its Solana holdings per share rose 108% over the past year.
The Block reported on May 14 that the company’s SOL per share increased to 0.0670 from 0.0322 a year earlier.
DeFi Development said it now holds a total of 2,294,576 SOL and Solana-linked assets.
The company attributed the increase to its in-house validator operations and its strategy of deploying assets into on-chain decentralized finance, or DeFi. It has been staking through a validator business acquired in May 2025 and also operates a joint validator node with memecoin project Bonk.
More than 25% of its total treasury assets are deployed in on-chain DeFi protocols, the company said.
“Strategy’s model is only a starting point, not a limit,” Chief Executive Officer Joseph Onorati said. “Solana is a different asset from Bitcoin, and the Solana ecosystem offers tools that Bitcoin treasury companies cannot use, including on-chain yield, DeFi composability and an active developer ecosystem.”
The company’s financial results were weak, however. DeFi Development said first-quarter revenue totaled $2.66 million, up 827% from a year earlier, but it posted a net loss of $83.4 million.
The market has pointed to Solana’s roughly 48% price decline over the past year as a factor behind wider markdowns in digital-asset valuations.
DeFi Development also said it is maintaining its target of reaching 1 SOL per share by the end of 2028.
