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DeFi Development buys 19,000 SOL, treasury hits 2.33M
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Aug 28, 2026
DeFi Development Corp. resumed Solana purchases on Aug. 27, acquiring approximately 19,000 SOL at an average price of $98.14.
The transaction cost about $1.86 million based on the figures disclosed by the Nasdaq-listed company.
The purchase expanded the DeFi Development SOL treasury to approximately 2,333,432 SOL and SOL equivalents. That was about 21,909 more than the 2,311,523 SOL and equivalents reported in the company’s Aug. 12 business update.
DeFi Development’s SOL treasury reaches 2.33 million
DeFi Development said it intends to hold the newly acquired SOL as a long-term treasury asset. The company plans to deploy the tokens through its staking and onchain treasury infrastructure, where they may generate staking rewards and other revenue.
The reported treasury figure includes both SOL and “SOL equivalents.” DeFi Development did not provide an updated breakdown showing how much of the 2.33 million total consists of native SOL, liquid staking tokens or other SOL-denominated positions. Investors therefore cannot calculate the precise composition from Thursday’s announcement alone.
The latest transaction follows a longer accumulation program. As crypto.news previously reported, DeFi Development held more than two million SOL after a $40 million purchase in September 2025. The company stakes tokens across its own and third-party validators.
Staking can produce recurring rewards, but returns are not fixed. They can change with validator performance, network inflation, fees and the market value of SOL. Onchain deployments can introduce added smart-contract, liquidity and counterparty risks.
ZeroStack divestment helped finance the SOL purchase
Proceeds from DeFi Development’s ZeroStack divestment partially funded the transaction. The company did not disclose the divestment proceeds or specify how much of the SOL purchase they covered.
DeFi Development and ZeroStack announced a strategic partnership in September 2025. Thursday’s release did not give further details about the disposal, including its completion date, buyer or any gain or loss recorded by DFDV.
Using divestment proceeds allows the company to expand its Solana position without saying it relied entirely on new equity or debt. However, DeFi Development has previously used capital raises to support its treasury. Its $200 million at-the-market equity program permits periodic share sales.
Such financing can increase the total SOL balance while diluting existing shareholders. Management consequently tracks SOL per fully converted share, or SPS, alongside the headline treasury total. In related coverage, crypto.news reported that SPS increased 24% year over year by August, according to company figures.
Source>> DeFi Development buys 19,000 SOL, treasury hits 2.33M
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