DFDV buys 19,000 SOL at $98.14 as token rises above $100

DeFi Development Corp. (DFDV) resumed buying Solana (SOL), purchasing about 19,000 SOL at an average price of $98.14 while the token traded above $100. The purchase increased its total SOL and SOL equivalents to approximately 2,333,432. SOL climbed 11% in 24 hours to $107.20 and gained more than 24% over the past week and about 44% over the past month, according to CoinMarketCap data on August 27 at 3:52 PM UTC. The company partly funded the purchase by selling its ZeroStack position and plans to hold SOL as a long-term treasury asset, using it for staking (locking crypto to earn rewards) and on-chain treasury infrastructure. DFDV’s return to accumulation comes as other crypto treasury companies faced pressure during the market downturn. Separately, 21Shares said the SIMD-0550 proposal could increase SOL burns and reduce the token’s inflation rate. SOL remains about 45% below its 2026 high.

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