DeFi Development Corp's Solana Treasury Surpasses 2.56M SOL
The company's Solana holdings have grown significantly, with preliminary NAV per share doubling since August.
- 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.
Multiple outlets report the Solana treasury reached 2.564M SOL, with NAV per share doubling since August 12. The Block adds that the company approved an open-ended repurchase program for CHAD preferred stock.
- DeFi Development Corp Increases Solana Holdings by $3M
- DeFi Development Corp's Solana Treasury Surpasses 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 multiple outlets. The company has added around 26,203 SOL to its holdings since September 28, with the current value of its treasury estimated at about $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 per share reflects the strong performance of Solana and the company's strategic management of its treasury assets.
In addition to the treasury growth, The Block reports that DeFi Development Corp has approved an open-ended repurchase program for its CHAD preferred stock. This program will be activated if the stock trades below its $10 par value, demonstrating the company's commitment to maintaining shareholder value.
The broader crypto market remains relatively stable, with a total market cap of $2.99 trillion. 
Bitcoin is up 0.66% in the last 24 hours, while Solana (SOL) has seen a 1.18% increase in the same period, currently trading at $120.63. The Fear & Greed Index stands at 73, indicating a 'Greed' sentiment in the market.
This development highlights the growing influence of Solana in the DeFi space, with DeFiLlama reporting a total value locked (TVL) of $6.81 billion. The company's strategic moves, including treasury growth and stock repurchase programs, could position it well to capitalize on the continued expansion of the DeFi ecosystem.
At today's peer-to-peer rate, 1 SOL ≈ ₦165,501.26 (about $121.17), up 1.0% over 24 hours. The naira itself trades about 2.6% 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 6, 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 ₦165,501.26 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $121.17. 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 up 0.45% since this brief first published — trading at $121.17 now versus $120.63 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.