DeFi Development Corp Expands SOL Holdings
Solana treasury company DeFi Development Corp (DFDV) reported a massive 108% yearly increase in SOL per share. The company revealed that its SOL per share climbed from 0.0322 to 0.0670 as of May 13, 2026. The firm currently holds more than 2.29 million SOL and SOL-equivalent assets.
Unconventional Solana Strategy Drives Growth
The company said its strong growth came from unique Solana-focused strategies. These include staking through its validator business, partnering with Bonk on a validator node, and deploying over 25% of treasury assets onchain. CEO Joseph Onorati stated that Solana offers opportunities that are not available in Bitcoin treasury models.
Comparing the Altcoin ETF Landscape
DeFi Development Corp posted first-quarter revenue of $2.66 million, marking an 827% increase compared to Q1 2025. Digital asset treasury operations contributed $2.4 million in revenue. However, the company also reported a net loss of $83.4 million due to the decline in Solana prices during the broader crypto market downturn.
Company Maintains Long-Term SOL Targets
Despite market pressure, the company reaffirmed its target of reaching 0.075 SOL per share by June 2026. It also maintained its long-term goal of achieving 1.0 SOL per share by December 2028. Meanwhile, Nasdaq-listed DFDV shares fell 3.13% to close at $4.65.
