DeFi Development Corp. expands Solana treasury with new SOL purchase

DeFi Development Corp. has continued its strategy of accumulating Solana (SOL), recently acquiring an additional 22,070 SOL valued at approximately $2.43 million. This latest purchase brings the total value of the company's holdings to roughly $284.9 million.

Since restarting active purchases in late August 2026, the firm has increased its position by more than 226,000 SOL and equivalents through direct purchases and staking rewards earned from operating its own Solana validators. As of early October 2026, the treasury reached approximately 2.564 million SOL and equivalents, valued at about $302 million.

To fund further accumulation without diluting common stock, the company has established the CHAD program, a variable rate Series C Perpetual Preferred Stock program valued at up to $300 million. CEO Joseph Onorati has stated that the treasury model is intended to provide “leveraged exposure to Solana”.