"Solana First Financial Database" DFDV rose sharply after performance, with the number of coin stockpiling and pledge business increasing significantly

DFDV, a company focused on the cryptocurrency Solana, released its second-quarter financial report. In the second quarter, the company's earnings per share reached $0.84, with revenue of $1.97 million. As of August 11, DFDV held more than 1.3 million SOL tokens, worth nearly $250 million. Its staking business is expected to generate approximately $63,000 in SOL-denominated revenue per day.

Author: Bao Yilong

Source: Wall Street News

DeFi Development (DFDV), the first U.S. listed company with a Solana-centered treasury strategy, is gaining market recognition through its aggressive SOL hoarding strategy and strong staking returns.

On Tuesday, DFDV, which focuses on the cryptocurrency Solana, released its second-quarter financial report. In the second quarter, the company's earnings per share reached $0.84, and revenue was $1.97 million. As of August 11, DFDV held more than 1.3 million SOL tokens, valued at nearly $250 million. Its staking business is expected to generate approximately $63,000 in SOL-denominated revenue per day.

The core indicator "SOL per Share" (SPS) increased significantly by 47% compared to June 30, reaching 0.0619. The company maintains its long-term goals: to reach an SPS of 0.165 by June 2026 and 1.000 by December 2028, which is a 167% increase from the current level.

Meanwhile, DFDV introduced a new indicator, "Annualized Organic Yield" (AOY), to measure the performance of staked assets. It is expected that this indicator will remain around 10% in the next 12 months. CEO Joseph Onorati said:

DFDV is not only a SOL accumulation tool but also a bridge connecting DeFi and traditional finance.

On Tuesday, affected by the moderate U.S. July CPI data, risk appetite in the U.S. stock market surged. The company's stock price rose 18.30% to $17.84 in regular trading hours, and further increased by more than 12% after the release of the second-quarter results in after-hours trading.

### Growth in Both SOL Holdings and Staking Returns

DFDV's financial report data shows that the company's core strategy—accumulating and compounding SOL—is advancing steadily.

In July, DFDV raised $165 million in net capital and completed a $122.5 million convertible note financing led by Cantor Fitzgerald, with a conversion price of approximately $23.11 per share. These transactions provided sufficient financial support for the company to further acquire SOL.

While raising funds rapidly, the company's "SOL per Share" (SPS) indicator achieved significant growth. In July, SPS increased by 34% month-on-month, which was one of the fastest growth periods in the company's history. SPS increased by 47% compared to June 30, reaching 0.0619.

As of August 11, the company's SOL holdings reached 1.3017 million, worth nearly $250 million at the current market price. In the first two weeks of August alone, the company increased its holdings by more than 4,500 SOL, further expanding its income-generating asset base.

To measure the performance of its on-chain business, the company introduced a new indicator, "Annualized Organic Yield (AOY)", which tracks the comprehensive returns from treasury asset staking, third-party entrusted staking, and on-chain activities.

The company expects that the AOY will remain around 10% in the next twelve months, although the actual results may fluctuate due to network dynamics.

### Differentiated Positioning, Targeting Long-Term Growth Goals

Since launching its new strategy in April 2025, DFDV has been committed to creating a differentiated path that is different from the traditional Bitcoin treasury model.

As the first U.S. listed company focusing on non-Bitcoin crypto assets, the company's management believes that its Solana-focused strategy will bring stronger fundamentals and better long-term potential.

DFDV's strategy goes beyond holding; it emphasizes deep integration with the Solana ecosystem.

According to the company, its business includes operating its own validator infrastructure, participating in decentralized finance (DeFi) protocols, and launching a tokenized version of its equity, DFDVx, to enable 24/7 trading and composability with DeFi infrastructure.

The company's management emphasizes that the company focuses on transparent and sustainable growth, avoiding excessive leverage and highly speculative assets.

【Disclaimer】The market is risky, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are in line with their specific situation. Investors shall be responsible for their own investment decisions based on this article.