Solana news: DeFi Development Corp Reports 108% Annual Growth in SOL Per Share
DeFi Development Corp Sees Significant SOL Growth
Solana treasury firm DeFi Development Corp. (DFDV) announced a 108% increase in SOL per share over the past year. As of May 13, the company's SOL per share rose to 0.0670, up from 0.0322 a year earlier. The firm held 2,294,576 SOL and equivalents as of Wednesday.
Unconventional Treasury Strategies
DFDV attributed its growth to several unique strategies. These include internally staking through a validator business acquired in May 2025, a partnership with Bonk for a joint validator node, and deploying over 25% of its treasury onchain. CEO Joseph Onorati noted that Solana's ecosystem provides native onchain yield, composable DeFi protocols, and a strong developer community, setting it apart from traditional bitcoin treasury models.
Financial Performance and Debt Repurchase
Despite the growth in SOL per share, DFDV reported a net loss of $83.4 million in the first quarter, compared to a $778,000 loss a year ago. Total revenue reached $2.66 million, with digital asset treasury revenue contributing $2.4 million. The company also repurchased $4.4 million in convertible notes for $2.6 million in cash, retiring debt at a 41% discount.
Market Context and Outlook
Solana's price declined 48% over the past year, currently trading at $91. DFDV reaffirmed its June 2026 guidance of 0.075 SOL per share and maintains a long-term target of 1.0 SOL per share by December 2028. The company's Nasdaq-listed stock fell 3.13% on Wednesday and is down 64% over the past year.
- 108% annual growth in SOL per share
- Onchain treasury strategies and validator operations
- Q1 net loss amid broader market decline
