DeFi Development Corp has increased its Solana treasury to nearly 2.54 million SOL, including equivalents worth about $309 million. The company added more than 47,706 SOL since September 21 and says holdings have more than tripled in the past four weeks. Another DeFi developer bought around 150,000 SOL, highlighting growing corporate demand for Solana as a reserve asset. DeFi Development Corp uses a $300 million equity line called CHAD ATM to convert public-market capital into SOL rather than debt, mirroring MicroStrategy’s Bitcoin strategy on Solana.
DeFi Development Corp said on X that its SOL holdings have more than tripled in the last four weeks. The company stated, “our treasury has grown ~10% in just 6 weeks, adding 226K+ SOL since our Q2 update.”
The firm now holds 2.538 million SOL and equivalents valued at $309 million, after adding more than 47,706 SOL since September 21. Another DeFi developer disclosed the purchase of around 150,000 SOL, underscoring competition among layer-1 networks to enter mainstream digital asset portfolios.
The company’s CHAD ATM line of credit is a $300 million equity issuance designed to turn public equity-market liquidity into SOL exposure instead of debt. This structure mirrors MicroStrategy’s Bitcoin treasury model but applies it to Solana, giving public companies a yield-focused template within Nasdaq requirements.
Solana’s features include high throughput, minimal fees, native staking yields of 6%–8% annually, and deep DeFi and institutional integration across protocols tracked by DeFiLlama. According to CoinGecko and corporate filings, institutional SOL holdings rose more than 300% year-over-year but remain small compared with corporate Bitcoin treasuries exceeding $90 billion.
The SEC and CFTC have provided clarity on liquid staking and Solana-related product approvals, reducing compliance concerns for public companies. Macro economists say rates remain at their peak, risk appetite for digital assets has returned, and firms want treasury assets aligned with corporate growth.
Weekly 2% growth in SOL holdings suggests measured accumulation rather than short-term market timing. Upexi and SOL Strategies have also launched Solana treasury programs, aggregating several hundred million dollars in SOL.
