DeFi Development Corp's Solana Treasury Surges to 2.56M SOL
The company's Solana holdings have grown significantly, with preliminary NAV per share doubling since August.
The company's Solana holdings have grown significantly, with preliminary NAV per share doubling since August. Solana (SOL) is trading at $115.86, down 0.5% since this brief published. This is an original TLT brief synthesising 2 outlets (Bitcoinist, The Block), plus live market data, as of Wed, 07 Oct 2026 14:19:36 UTC.
- DeFi Development Corp's Solana treasury now holds 2.564M SOL and equivalents.
- NAV per share has more than doubled since August 12.
- The company approved an open-ended repurchase program for CHAD preferred stock.
- Solana's DeFi TVL stands at $6.51B amid broader market decline.
Multiple outlets confirm the 2.564M SOL treasury and NAV doubling, but The Block uniquely reports the CHAD stock repurchase program.
- DeFi Development Corp Increases Solana Holdings Despite Slowing SOL Purchases
- DeFi Development Corp's Solana Treasury Surges to 2.56M SOL — this brief
DeFi Development Corp has announced that its 
Solana treasury has grown to approximately 2.564 million SOL and SOL equivalents, according to reports from Bitcoinist and The Block. The company has added around 26,203 SOL to its holdings since September 28, with the current valuation of its Solana assets estimated at $302 million.
Preliminary estimates indicate that the company's Net Asset Value (NAV) per share has more than doubled, rising over 100% between August 12 and September 30. This significant increase in NAV underscores the strong performance of the company's Solana holdings during this period.
In addition to the treasury growth, The Block reports that DeFi Development Corp has approved an open-ended program to repurchase CHAD preferred stock. This repurchase will occur if the stock trades below its $10 par value, indicating a potential strategy to support its stock price.
The broader market context shows a decline in the total crypto market cap, which currently stands at $2.9 trillion. 
Bitcoin has experienced a 24-hour drop of 3.14%, and the Fear & Greed Index remains in 'Greed' territory at 71. Solana (SOL), the primary asset in DeFi Development Corp's treasury, is currently trading at $116.41, down 3.26% in the last 24 hours and 2.55% over the past week. Despite this, Solana's DeFi Total Value Locked (TVL) remains robust at $6.51 billion, as reported by DeFiLlama.
This development highlights the growing influence of Solana in the DeFi space and the strategic moves by DeFi Development Corp to manage its assets and stock performance. The company's significant Solana holdings and the NAV increase suggest a strong position in the current market environment.
Since this brief published about 22 hours ago, Solana (SOL) has moved from $116.41 to $115.86 — -0.47%.
Grey shows the price before the news, the dashed line marks when this brief published, and the coloured line is the move since — from TLT's market data. It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SOL ≈ ₦158,218.42 (about $115.86), down 4.2% over 24 hours. The naira itself trades about 2.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 7, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Solana — questions
How much is 1 Solana worth in naira today?
About ₦158,218.42 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $115.86. The naira price moves with both SOL's US-dollar price and the USDT/NGN rate; use our Solana in naira page for any amount.
Has Solana's price moved since this brief was published?
SOL is down 0.47% since this brief first published — trading at $115.86 now versus $116.41 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoinist, The Block, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.