DeFi Development Corp., the Nasdaq-listed company that treats Solana as its core reserve asset, has bought an additional 407,247 SOL for roughly $77 million at an average price of $188.98 per token. The purchase, financed with proceeds from a recent equity offering, lifts the firm’s holdings to 1.83 million SOL valued at about $371 million, a 29% increase from its previous balance. Management said more than $40 million of net raise proceeds remain earmarked for further Solana purchases. The company stakes its tokens across multiple validators to generate yield and operates its own validator infrastructure. After the latest acquisition, the firm’s Solana-per-share metric (SPS) stands at 0.0864 SOL, or roughly $17.52, based on 21 million shares outstanding, with plans to update the figure once warrants from the equity raise are exercised. Separately, DeFi Development unveiled DFDV UK, billed as the United Kingdom’s first publicly traded Solana treasury vehicle. The unit is being formed through the acquisition of London-listed Cykel AI, in which DeFi Development will hold a 45% stake. The launch marks the initial step in the company’s “Treasury Accelerator” programme, which envisions five additional Solana-focused vehicles in other markets.