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- DeFi Development expands Solana holdings despite reporting major quarterly financial losses.
- Company boosts SOL per share through staking and onchain treasury strategies.
- DeFi Development maintains long-term Solana targets while reducing outstanding corporate debt.
Despite reporting a much wider quarterly loss, DeFi Development Corp., a treasury firm specializing in digital assets on Solana, has reiterated its long-term digital asset plans. In spite of the decline in crypto prices, the Nasdaq-listed company has witnessed robust gains in SOL per share. In one year, DeFi Development has raised its SOL per share from $0.0322 to $0.0670, according to the company’s latest update. Furthermore, as of May 13, the firm held over 2.29 million SOL and SOL equivalents.
The company attributed the growth to a multi-faceted approach to its operations that differs from the typical Bitcoin treasury strategy. The company has also signed a partnership with Bonk to operate a joint validator node, in addition to owning a validator business in May 2025. Further, it staked more than a quarter of its treasury funds onchain. According to CEO Joseph Onorati, the company had no plans to create a full copy of Strategy’s Bitcoin-centric treasury. Rather, he said that Solana provides other forms of benefits to developers via staking rewards, decentralized finance protocols, and increased activity.
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DeFi Development Pushes Ahead With Long-Term SOL Targets
Although the expansion of its operations, DeFi Development still recorded a net loss of $83.4 million in the first quarter. By contrast, the company had a net loss of just $778,000 for the same time frame last year. These losses primarily included the impact of losses on the company’s digital assets. The market price of Solana fell almost 48% in the last year, which further weighed on treasury valuations. SOL was trading at around $91 at the time of this writing.
But revenue growth was one of the best quarterly measurements the company has. The total revenue generated by DeFi Development during the quarter amounted to $2.66M, which is an 827% growth rate from the previous year. In addition, digital asset treasury operations accounted for around $2.4 million of that.
Company Reduces Debt While Maintaining Future Guidance
The company also settled some debt obligations, in the meantime. For the last six weeks, DeFi Development has repurchased $4.4 million worth of CONs in exchange for $2.6 million in cash. Thus, the company settled that debt at 41% discount.
DeFi Development remained at its June 2026 target price of $0.075 SOL.DeFi Development continued to hold on to its June 2026 price estimate of $0.075 SOL. In addition, management restated its longer-term objective of becoming 1.0 SOL by December 2028. DFDV was 3.13% lower on Wednesday at $4.65. The stock price has fallen 64% in the last year.
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