DeFi Development Corp (DFDV) has expanded its Solana holdings following a new purchase of 86,307 SOL, reinforcing its commitment to long-term Solana accumulation. The company, listed on Nasdaq, continues to position itself as a pioneer in institutional Solana exposure.
According to the press release, the acquisition, completed at an average price of $110.91 per SOL, brings its total holdings to 2,195,926 SOL. This represents a 4.7% increase in its treasury position, now valued at approximately $426 million.
Long-Term Strategy Strengthens Solana Exposure
The company confirmed that the newly acquired tokens would be staked across multiple validators, including its own Solana-based nodes. This approach is expected to generate sustainable yield and enhance overall returns from staking rewards. The firm’s updated metrics show 28,888,178 shares outstanding, equating to 0.076 SOL per share, or roughly $14.67 in value.
Additionally, the company outlined that it still has 2,978,578 warrants pending exercise. Once completed, the total share count could reach 31.9 million. Despite this potential dilution, management expects its Solana per share (SPS) ratio to remain above pre-financing levels.
This reinforces confidence that future capital deployment into Solana will sustain shareholder value. Consequently, the strategy aims to maintain SPS stability even with further treasury expansion.
Solana Market Faces Short-Term Pressure
At press time, Solana trades near $189.47 after a 4.05% daily decline and a 13.7% weekly drop. Despite the correction, the broader outlook remains bullish.
Data from SolanaFloor shows record momentum in Solana futures on CME Group. Since March, over 730,000 contracts worth $34 billion have been traded, with open interest surpassing $2.1 billion in September. This marks Solana as the fastest futures product to double its open interest beyond $1 billion since launch.
Analysts Eye Massive Cup and Handle Breakout
Source: X
According to Bitcoinsensus, Solana’s weekly chart reveals a confirmed Cup and Handle breakout, ending a two-year consolidation phase. The breakout occurred above the $185–$195 resistance range, signaling the potential start of a strong continuation rally. If volume remains consistent, analysts anticipate targets between $600 and $900 in the medium term, with extended projections toward $1,200–$1,500.
