Solana news: What Solana’s 108% Growth Means for Its Price Outlook
Solana Treasury Growth: Key Figures
DeFi Development Corp., a Nasdaq-listed Solana treasury company, has reported a 108% increase in its fully converted SOL per share over the past year. This metric rose from 0.0322 on 13 May 2025 to 0.0670 on 13 May 2026, despite a challenging period for Solana’s price, particularly during the first quarter of 2026.
Understanding the Growth
The fully converted SOL per share (SPS) measures the amount of Solana backing each share. As of 13 May 2026, DeFi Development Corp. reported holding 2,294,576 SOL and equivalents, with approximately 34.2 million fully converted shares outstanding. The SPS rose 1% from 30 March to 13 May 2026 and 108% year-on-year.
Notably, over 25% of the company’s treasury is deployed onchain. Validator operations generate a 7.5% yield, compared to 3.9% from staking SOL via Coinbase. This yield difference is estimated to represent around $7.6 million in annualised incremental yield for the current treasury.
Implications for Solana’s Price Outlook
The 108% SPS growth demonstrates increasing corporate treasury conviction in Solana, similar to trends seen with Bitcoin and Ethereum. Companies such as Strategy and MARA Holdings have adopted Bitcoin for their balance sheets, while Ethereum has seen similar developments.
DeFi Development Corp. accumulates SOL, stakes it, deploys part of it across Solana DeFi, and uses capital markets to increase SOL exposure per share. This approach indicates a structured demand, distinct from typical spot-market buying.
Other companies, including Forward Industries, Inc. and Upexi Inc., also hold significant SOL reserves. Such corporate treasury demand is generally long-term and less volatile than retail demand, potentially supporting Solana’s price stability and growth.
Conclusion
- DeFi Development Corp.'s 108% SPS growth signals rising corporate interest in Solana.
- Onchain deployment and validator yields enhance treasury performance.
- Corporate treasury demand may provide long-term price support for SOL.
