DeFi Development Corp. has announced the expansion of its treasury strategy regarding Solana by releasing new metrics focused on the SOL coin.
New Accumulation Strategy for SOL
On June 14, DeFi Development Corp. issued its first forward-looking guidance on SOL per Share. The firm, previously focused on software development, is now planning to achieve 1.0 SOL per Share (SPS) by 2028.
Goals for Increasing Shares
Currently, most of the company's stock value is not related to SOL, but it aims to increase its SPS by 261%, targeting 0.1650 SPS by June 2026. As part of this strategy, the firm announced the acquisition of an additional 10,758 SOL coins, worth approximately $18 million.
Solana as a Treasury Asset
DeFi Development Corp. operates Solana validators, enabling it to earn income from its treasury holdings. However, the company's stock price is heavily reliant on Solana's performance, and this dependence is likely to deepen as it accumulates more SOL.
The new strategy by DeFi Development Corp. for accumulating SOL paves the way for increased investment attractiveness for both the company and its shareholders.
