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DeFi Development's SOL Holdings Per Share Up 108% in 12 Months Despite $83.4M Q1 Loss

GateNews
solana news
SOL-3.81%
UP22.5%
IN-3.43%

According to The Block, DeFi Development Corp, Solana’s treasury company, reported on May 14 that its SOL holdings per share grew 108% over the past year to 0.067 SOL as of May 13, while Q1 net losses expanded to $83.4 million. The company holds approximately 2.2946 million SOL and equivalent assets. Despite the loss, Q1 revenues surged 827% year-over-year to $2.66 million. CEO Joseph Onorati attributed the growth to internal staking, collaborative validator node operations with Bonk, and deploying over 25% of treasury on-chain. The company targets 0.075 SOL per share by June 2026 and 1.0 SOL per share by December 2028.

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