Data: DeFi Development Corp acquired 407,247 Solana tokens for $77 million

ChainCatcher news, according to Karthik Subramanian, on August 29, 2025, DeFi Development Corp (NASDAQ: DFDV) purchased 407,247 SOL at an average price of $188.98 per token, with a transaction value of approximately $77 million, funded by recent equity financing. This acquisition increased its SOL holdings by 29%, raising the total holdings to 1,831,011 SOL, valued at approximately $371 million based on the disclosed price. The company still has over $40 million available for future digital asset acquisitions. Following the announcement, DFDV's stock price rose, and Solana gained new attention from traders.