DeFi Development Corp. (DDC), a U.S.-listed fintech company, has announced a significant increase in its crypto reserves in Solana. On July 3, the firm confirmed the purchase of an additional 17,760 tokens.
Acquisition of Solana
With this purchase, DDC's total Solana holdings now amount to 640,585 tokens, valued at approximately $96 million as of current prices.
Capital Raise to Support Solana Strategy
DDC recently raised $112.5 million in a private funding round to support its Solana strategy. A significant portion of this new capital, approximately $75.6 million, will be allocated to a prepaid forward stock purchase agreement, designed to reduce risk for investors holding DDC’s convertible notes. The remaining funds will be used to purchase additional Solana and for general business operations.
Corporate Treasury Strategy
DDC began acquiring Solana in April 2025, shortly after being acquired by former Kraken exchange executives. The new team is focused on building a treasury comprised of proof-of-stake tokens like Solana. DDC's strategy reflects a growing trend of companies using crypto assets to store value and generate income.
DeFi Development Corp. continues to actively expand its investments in Solana, demonstrating a growing interest in the use of cryptocurrencies as a key element of corporate strategies.
