DFDV holds 1.83 million SOL, expanding Solana's reserve strategy to the UK.

2025-08-30 00:43:18

SOL reserve strategy company DeFi Dev Corp. announced its international expansion with the acquisition of Cykel AI (CYK.L) listed on the London Stock Exchange, launching the UK’s first Solana reserve strategy company DFDV UK. The company also has five reserve strategy tools in various stages of development in the pipeline. DFDV holds 1.83 million SOL, and yesterday’s stock price closed at $16.02.

DFDV expands its SOL reserve strategy to the UK

Led by former Kraken executives, the SOL reserve strategy company DeFi Development Corp., which officially transformed in April this year, has the stock code DFDV(. It was originally a company focused on commercial real estate financing.

The company also acquired a verification business platform, integrating staking rewards into the company’s revenue stream, and generating staking rewards and fees through delegated staking.

DFDV UK was recently established by a group of investors who acquired Cykel AI (London Stock Exchange code: CYK.L). DeFi Dev Corp. and local management along with board members hold approximately 45% of the equity. The strategy aims to expand Solana-based reserve strategy tools to global markets. Currently, the company has five reserve strategy tools in different stages of development in preparation.

Joseph Onorati, CEO of DeFi Development Corp, stated:

“DFDV UK is a milestone: it is the first Solana reserve strategy company in the UK and a testament to our global expansion strategy. This release highlights our commitment to increasing Solana’s earnings per share )SPS( and supporting the global Solana ecosystem.”

DFDV holds 1.83 million SOL

As of August 28, 2025, the key performance indicators summary of DeFi Dev Corp. is as follows:

Total amount of SOL and SOL equivalents held: 1,831,011 coins, market value approximately 371 million USD

Total circulating shares: approximately 21 million shares, fully diluted shares are 31 million shares.

0.0864 SOL/per share

DFDV’s stock price closed at 16.02 USD yesterday, which translates to an mNAV of only 0.92 times, but if calculated based on fully diluted shares, its mNAV is 1.34.

This article DFDV holds 1.83 million SOL, expanding the Solana reserve strategy to the UK. First appeared on Chain News ABMedia.

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