The most recent letter from DeFi Development Corp., Solana’s Nasdaq-listed investment company, shows that its adjusted SOL per share has grown 108% over the past year, from 0.0322 on May 13, 2025, to 0.0670 on May 13, 2026.
This growth is notable because it came during a difficult period for Solana prices, especially the first quarter of 2026, when the price of SOL has been. against the bearish force.
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Solana’s Economic Growth Shows New Source of Demand
According to May letter from shareholders DeFi Development Corp., Solana’s investment company, has doubled its adjusted SOL to 108%.
The 108% growth shown by DeFi Development Corp. derived from SOL per share, a metric the company uses to measure how much Solana is returning per share that is fully converted. The company reported a similar 2,294,576 SOL and SOL as of May 13, 2026, with approximately 34.2 million shares fully converted. Interestingly, its fully adjusted SPS rose 1% from March 30 to May 13 and 108% from the same date last year to 0.0670 as of May 13, 2026.
DeFi Development Corp. it’s not just buying SOL and waiting about price appreciation. The company said that more than 25% of its assets are transferred on the chain, while its official services generate a yield of 7.5% compared to about 3.9% from staking SOL through Coinbase. The shareholder letter also estimated that this spread represents approximately $7.6 million in annualized revenue over its current financial year.
What the 108% Growth Means for Solana’s Price
This growth of 108% in DeFi Development Corp. SOL’s full conversion to the sector shows that Solana is beginning to attract the same kind of corporate financial desire as Bitcoin and Ethereum. Bitcoin has been companies such as Strategy, Metaplanet, is MARA Holdings building a balance sheet around BTC. Ethereum has started again its own group of resourcesand companies like BitMine Immersion Technologies.
The strategy of DeFi Development Corp. it is built around collecting SOL, shaking it, putting its share through Solana DeFi, and using the capital markets only if it can increase the exposure of SOL at each stage. This means that SOL is attracting a group of products that are more sustainable than regular shopping in the market.
Interestingly, DeFi Development Corp one of the few some companies have SOL as their main reserve asset. Other companies such as Forward Industries, Inc. and Upexi Inc. they also have millions of SOL tokens on their balance sheet.
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This has a real meaning for the Solana tree, because it creates another important type. Financial companies such as those mentioned above are long-term holders. Business interests may disappear quickly, but corporate wealth interests are stable and often associated with long-term impact.
Image from Bunq, chart from TradingView
