DeFi Dev Corp has expanded its treasury with a significant acquisition of 86,307 Solana (SOL) tokens, an investment of over $9.5 million. The purchase was made at an average price of $110.91 per token, bringing the company’s total holdings to 2,195,926 SOL. This move increases the value of its Solana treasury to an estimated $426 million.

A Disciplined Accumulation Strategy

This latest acquisition, which boosts the company’s total SOL position by 4.7%, is part of a long-term capital deployment strategy funded by recent equity financing. The company emphasizes a methodical approach to accumulation rather than attempting to time short-term market fluctuations.

According to a press release on October 16, all newly acquired SOL tokens are set to be staked across a combination of validators. The company confirmed this includes its own infrastructure, aligning with a yield strategy focused on secure, long-term staking.

With this purchase, DeFi Dev Corp strengthens its standing as one of the largest public holders of Solana worldwide. It ranks among other major institutional investors like Forward Industries, Jump Crypto, Galaxy, and Multicoin Capital, which collectively hold nearly 7 million SOL.

Expanding Validator Operations and Global Presence

The company continues to scale its validator infrastructure, which supports both its internal staking needs and those of external clients. Leveraging expertise from former Kraken team members, the operation is designed for efficient staking and generating consistent returns.

In a related strategic move, DeFi Dev Corp has partnered with Superteam Japan to launch the DFDV JP initiative. This program, part of the company’s Treasury Accelerator platform, aims to grow the Solana ecosystem within Japan’s regulated financial markets. The collaboration includes established institutions like Minna Bank and Fireblocks, enhancing Solana’s reach in Asia while bolstering DeFi Dev Corp’s international presence.

The consistent treasury growth reflects strong confidence from equity investors and a commitment to a disciplined expansion plan. DeFi Dev Corp continues to utilize its equity financing to methodically build a resilient digital asset treasury.