DeFi Dev Corp buys 47,706 SOL for $5.8M, boosting holdings to 2.54 million tokens

DeFi Development Corp. just scooped up another 55,491 SOL tokens worth approximately $5.78 million, pushing its total stash to roughly 2.49 million SOL. The Solana vacuum cleaner DeFi Development Corp., listed on Nasdaq under the ticker DFDV, has positioned itself as a dedicated Solana treasury vehicle, essentially doing for SOL what MicroStrategy did for Bitcoin: using public market capital to stack a single digital asset. The growth trajectory tells the story. By September 14, the firm held approximately 2.39 million SOL. By September 18, that number climbed to around 2.49 million. DFDV, which previously operated under the name Janover, made its strategic pivot to become a Solana-focused treasury company in April 2025, driven by a new leadership team composed of former Kraken executives who took majority control of the company. The company currently ranks as the second-largest public holder of Solana, trailing only Forward Industries. The capital flywheel The company has announced a $300 million CHAD perpetual preferred stock program designed specifically to fund further SOL acquisitions. The structure: raise capital through preferred stock, buy SOL, stake it for yield, and use t...