DeFi Development Corp tops 2.5M SOL after growing treasury 10% in six weeks

DeFi Development Corp. has increased its Solana treasury to more than 2.5 million SOL after adding roughly 47,706 tokens over the past week.

The Nasdaq-listed company said Monday that it now holds approximately 2.538 million SOL and SOL equivalents, worth about $309 million.

That represents roughly 2% growth week over week and about 10% since the company’s second-quarter earnings update on August 12. DeFi Development Corp. said it has added more than 226,000 SOL over that six-week period.

CEO Joseph Onorati said the company intends to continue accumulating SOL as it bets that tokenization and agentic AI will increase demand for fast, low-cost blockchain infrastructure.

“We are building our SOL treasury week by week, and those gains are adding up,” Onorati said.

The company has been positioning Solana as a core part of its treasury strategy, while also staking tokens and operating validators to generate additional SOL and network fees.

DeFi Development Corp. said SOL gained about 73% between June 30 and September 25, while its shares rose approximately 105% over the same period. The company said that amounted to roughly 1.4 times SOL’s percentage return.

Its treasury expansion is also being supported by a recently established $300 million at-the-market program tied to CHAD, the company’s Nasdaq-listed variable-rate preferred stock.

CHAD currently carries a 13% annual dividend rate based on its $10 stated amount, with dividends paid each business day when declared.

DeFi Development Corp. says staking and validator revenue generated by its SOL treasury provides an additional source of income that can support those dividend obligations.

The company said it plans to continue expanding its SOL holdings while increasing the amount deployed into staking and validator operations.