DeFi Dev Corp Stock Jumps 16.7% After $2.7M Solana Buy & Raise

The stock of DeFi Development Corp shot up 16.72% in the July 03 trading session, reaching $23.80. The increase in the price is reportedly followed by the company’s recent purchase of $2.7 million worth of Solana.

According to a press release dated July 03, 2025, DeFi Development Corp. has bought 17,760 SOL tokens at an average price of $153.10 and is valued at $2.7 million. With this purchase, the company now holds 640,585 Solana and SOL equivalent, valued at approximately $98.1 million.

The most recently purchased SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp.’s own Solana validators to generate native yield, the press release reads.

It is worth noting that on the same day, DeFi Development Corp raised $112.5 million via convertible notes, with an aim to buy more Solana tokens.

The company raised $112.5 million through senior convertible notes with a 5.5% annual interest rate maturing in July 2030, yet investors can convert notes into equity at $23.11 per share.

An additional $25 million option is available for investors within 13 days, around $75.6 million is allocated for prepaid forward stock purchase to hedge investing position, with the remainder for general corporate purposes, including further SOL acquisition.

Until publishing, Solana is priced at $150.37 with a loss of 3.2% in the past 24 hours, and its trading volume is $3.9, market capitalization is $80.47 billion.

An overview of DeFi Development Corp stock & finance

Data available in TradingView states that DeFi Development Corp stock is up by 23.57% in a week and has added 19.48% to its price in the past 30 days.

In the YTD frame, the stock price added more than 3200% and in the 52-week time frame, it is up by 2,503%

As of writing, Nasdaq: DFDV is trading above its 20, 50, 100, and 200-day exponential moving averages, with an intent to surpass its annual price target of $45.00.

In the daily time frame, its nearest support levels are $15.20, followed by $10.42 and $5.21, yet its resistance levels are $31.01, followed by $36.03 and $43.01.

DeFi Development Corp generated $287.17k in revenue in the 1st quarter of this year with a net income of negative $777.60k and a net margin of negative 270.78%.

In the 2nd quarter end, the revenue of DeFi Development Corp is expected to be $800k, the EPS is negative $0.01, and the current market capitalization is $350.83 million.

DeFi Development Corp’s 3.37 million shares are free floating, and around 11.38 million are closely held.