SOL Strategies and DeFi Development Expand Solana Positions Through Validator Investments

Highlights:

• SOL Strategies bought 122,524 SOL tokens and expanded its validator operations.
• DeFi Development bought a Solana validator business to self-stake SOL and increase protocol-based income.
• Both firms aim to boost network influence and revenue by holding more SOL and running their own validators.

SOL Strategies, the Toronto-listed firm focused on Solana’s ecosystem, announced today that it had acquired $18.25 million worth of SOL tokens. The company purchased 122,524 SOL tokens. The average price per token stood at $148.96, according to the company’s official statement.

SOL Strategies has acquired 122,524 $SOL at an average price of $148.96, deploying the full $20M initial tranche from our recently closed ATW facility.
Building the institutional backbone of @solana, one block at a time. $HODL $CYFRF

Read more: https://t.co/5ChdbDfTNY pic.twitter.com/s7RfrIPbP2

— SOL Strategies (CSE: HODL | OTCQX: CYFRF) (@solstrategies_) May 6, 2025

The company immediately started to act on its planned SOL strategy after raising the funds. It used the capital raised to increase its position in the Solana network through token accumulation. This step marked the start of its long-term expansion plan. Shares of SOL Strategies dropped by 10% to around CA$2.6 during early trading on Tuesday. The decline extended the stock’s fall from late April when it peaked above CA$3.3.

Despite the recent downturn, the company’s stock has risen by nearly 80% over the past two weeks. Leah Wald, the CEO of SOL Strategies, asserted that the firm is still on the roadmap. The token purchases are in line with the three parts of the Solana business model, she explained, which are building validator infrastructure, holding SOL strategically, and supporting the development of Solana technology.

Validator Expansion Forms Core of Growth Strategy of SOL Strategies

A proof-of-stake blockchain like Solana relies on validators to vote and ultimately accept or reject a transaction. These help secure the network and in return are paid for their service. Validators that hold more SOL have more influence and earning potential within the ecosystems. As a result, by expanding its SOL positions, SOL Strategies can simply participate more actively in network consensus and boost its revenue as a validator.

This approach follows a wider trend among public firms looking to use capital markets to grow their presence in digital assets. These companies are no longer simply holding tokens passively. Instead, they are investing in infrastructure that allows active participation on the blockchain networks.

This strategy mirrors what has been done in firms that previously executed a Bitcoin accumulation strategy. Now, these firms are looking to Solana for its speed, efficiency, and growing developer base. With this shift, validator ownership has become an important tool for gaining a direct role in blockchain operations.

DeFi Development Adds Validator Business to Portfolio

Another firm to hop on this bandwagon is DeFi Development Corporation, formerly known as Janover. Recently, the company refocused from real estate fintech to blockchain infrastructure. The firm also announced a $3.5 million acquisition of a Solana validator business using $3 million in restricted stock and $500,000 in cash.

DeFi Development Corp. (DFDV) acquires a Solana validator for $3.5M, boosting its presence with 500k SOL tokens valued at $75.5M. This move optimizes SOL accumulation & revenue growth. #DeFi #Solana https://t.co/BZrbErXuGI

— TWJ News (@TronWeekly) May 6, 2025

The acquisition allows the company to stake its Solana holdings. It also becomes a benefit since the company is able to take all the staking rewards given to the validator’s operations. Chairman and CEO Joseph Onorati said that adding the validator supports the company’s goal of increasing SOL-per-share growth. He explained that it would also reduce costs by eliminating reliance on third-party validators.

Chief Investment and Operations Officer Parker White stated that the acquisition strengthens their alignment with Solana’s infrastructure. He added that holding a validator with a significant delegated stake allows the company to generate protocol-native income and increase returns for its shareholders.