Usman Salis
Solana (SOL) gets a major boost as DeFi Development Corp. announces plans to buy more tokens, targeting 1.0 SOL per Share by 2028. The company will purchase another 10,758 SOL coins worth about $18 million.
DeFi Development Corp. Goes Big on SOL Holdings
Solana (SOL) is catching fire after DeFi Development Corp. dropped some serious news about their crypto strategy. The company, which people call the "MicroStrategy for Solana," just announced they're shooting for 1.0 SOL per Share by 2028. That's a huge jump from where they are now.
Here's the deal: they want to hit 0.1650 SPS by June 2026, which means they need to boost their holdings by 261%. To make this happen, they're buying another 10,758 SOL coins worth around $18 million. Right now, most of their stock value comes from regular business stuff, but that's about to change big time.
The company's stock price is already tied to how well Solana does, and this move will make that connection even stronger. It's a risky play, but if SOL takes off, shareholders could see some serious gains.
Why SOL Makes Sense as a Treasury Asset
What's cool about Solana is that it's not just sitting there doing nothing. DeFi Development Corp. runs Solana validators, which means they're actually earning money from their SOL holdings through staking rewards. It's like getting paid to hold the asset.
Plus, SOL has this built-in feature where tokens get burned when people use DeFi apps on the network. More usage equals fewer tokens in circulation, which could push the price up. It's a pretty smart setup that gives SOL some real utility beyond just being a speculative play.
Can SOL Take On Bitcoin in Corporate Treasuries?
Bitcoin is still the king when it comes to companies putting crypto on their balance sheets. Strategy (the company formerly known as MicroStrategy) is crushing it with 601,550 BTC and a $126 billion market cap. Meanwhile, DeFi Development Corp. has 846,630 SOL coins and a $376.04 million market cap.
The gap is massive, but that might actually be good news for SOL. If more companies start following DeFi Development's lead, there's tons of room for growth. Corporate crypto holdings are becoming a real thing, and SOL could be the next big player in this space.
For regular investors, these crypto treasury companies are an easy way to get exposure to digital assets through the stock market without dealing with wallets and exchanges. If DeFi Development's strategy works out, we might see more companies jumping on the Solana bandwagon.
Usman Salis
