A Solana treasury is becoming one of the fastest-growing crypto treasuries among big corporations, which sees the network’s robust performance and potential to revolutionize the blockchain sector. Presently, the idea is getting a major push from DeFi Development Corp, which has purchased a notable amount of SOL into its crypto treasury.
Solana Treasury Companies Are Not Slowing Down
In a bullish development, DeFi Development Corp is doubling down on Solana, as the company constantly acquires the leading altcoin. Recent reports reveal that the firm has made another strategic buy to bolster its SOL treasury, pushing its aim to become the largest company holding the altcoin.
According to the report shared on the social media platform X, DeFi Dev Corp purchased 407,247 SOL at an average price of $188.68, resulting in a total value of approximately $ 76.8 million at the current price. Following this massive accumulation, the company’s treasury now holds 1,831,011 SOL, worth around $371 million.
The action demonstrates DeFi Dev Corp’s steadfast conviction in Solana’s capacity for long-term growth and its growing significance in the dynamic DeFi market. In addition to strengthening its bank sheet, DeFi Dev Corp is putting itself at the forefront of Solana’s developing ecosystem, where developer activity and institutional interest are only growing stronger, by gradually expanding its assets.
Since the firm’s last purchase on August 15, 2025, its holdings have experienced an increase of more than 29%. The latest buy comes after DeFi Dev Corp’s recent announcement to raise about $125 million in equity to expand its SOL treasury.
The initiative strengthens liquidity, expands network sustainability, and establishes Solana as a more robust participant in the developing blockchain market. “This raise allows us to add a significant amount of SOL to our balance sheet while still driving NAV/share accretion,” Chief Executive Officer (CEO) of DeFi Development Corp, Joseph Onorati.
SOL’s DeFi TVL At Its Highest Point
With institutional adoption rising sharply, Solana is experiencing a notable uptick in its network performance and engagement. SolanaFloor on X has reported that SOL’s Decentralized Finance (DeFi) ecosystem is experiencing an upswing, with Total-Value Locked (TVL) increasing to new levels.
On Thursday, data shows that SOL’s DeFi TVL spiked to a staggering $11.56 billion, marking its highest point since January 2025. The sharp uptick in TVL represents improving investor confidence, increased liquidity, and a wave of fresh activity across SOL-based protocols.
Solana has also witnessed a notable uptick in Decentralized Exchange (DEX) volume. The report shows that SOL has reclaimed its top rank among all chains, recording approximately $4.604 billion, with Ethereum coming in second position.
Presently, SOL has turned bullish as the altcoin pushes forward to the $213 price mark, indicating a nearly 15% increase in the last 7 days. CoinMarketCap data shows that SOL’s trading volume is slowly turning bearish, falling by over 2% in the past day.
Featured image from iStock, chart from Tradingview.com
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