HODLing Hard: DeFi Development Corp's SOL Stash Now Worth $185M, SPS Hits 0.0754

March 2026 hasn't been kind to the crypto space—Digital Assets Treasuries (DATs) included. But DeFi Development Corp still managed to turn heads despite flat growth. While most of us were busy doomscrolling red candles, this firm was quietly stacking SOL like it was going out of style—and apparently, in this market, it might be.

The firm continued its quiet accumulation strategy, beefing up its $SOL reserves over time. According to its March 2026 recap, DeFi Development Corp now holds 2,223,074 $SOL, valued at $185 million. With 29,497,394 outstanding shares, that works out to 0.0754 $SOL per share (SPS). For those keeping score at home, that's a lot of beach houses in the metaverse—or at least one nice office.

Over in the shareholder letter, the team highlighted Solana's multifold 2025 run, noting the asset now represents nearly 3% of circulating $SOL held by DATs. The firm also posted annual 2025 results—over 442% revenue growth. Move over, legacy finance—turns out yield farming in pajamas actually prints money sometimes.

DFDV even explored the AI angle, estimating autonomous agents could drive $27 billion in structural $SOL demand (base case) or $112