The latest shareholder letter from DeFi Development Corp., a Nasdaq-listed company that holds Solana in its treasury, shows that its fully converted SOL per share has grown 108% over the past year. It went from 0.0322 on May 13, 2025, to 0.0670 on May 13, 2026. This growth is notable because it happened during a tough period for Solana’s price, especially in the first quarter of 2026, when SOL struggled with bearish momentum.
Related Reading: XRP Records Biggest Spike In Network Usage In 2 Months
Solana Treasury Growth Shows A New Source Of Demand
According to a May shareholder letter from DeFi Development Corp., a Solana treasury company, the company has more than doubled its fully converted SOL per share, achieving 108% growth. This metric measures how much Solana backs each fully converted share. As of May 13, 2026, the company reported holding 2,294,576 SOL and SOL equivalents, with about 34.2 million fully converted shares outstanding. Interestingly, its fully converted SOL per share rose 1% from March 30 to May 13, and 108% compared to the same date last year, reaching 0.0670 on May 13, 2026.
DeFi Development Corp. isn’t just buying SOL and waiting for the price to go up. The company says more than 25% of its treasury is deployed onchain, and its validator operations generate about 7.5% yield, compared to roughly 3.9% from staking SOL through Coinbase. The shareholder letter estimates that this difference adds about $7.6 million in annualized extra yield on its current treasury.
What This 108% Growth Means For Solana Price
This 108% growth in DeFi Development Corp.’s fully converted SOL per share shows that Solana is starting to attract the same kind of corporate treasury interest that Bitcoin and Ethereum have seen. Bitcoin has companies like Strategy, Metaplanet, and MARA Holdings building balance sheet strategies around BTC. Ethereum has also developed its own treasury category, with companies like BitMine Immersion Technologies.
DeFi Development Corp.’s strategy focuses on accumulating SOL, staking it, deploying part of it across Solana DeFi, and using capital markets only when it can increase SOL exposure per share. This means SOL is attracting a type of demand that is more structured than regular spot-market buying. Interestingly, DeFi Development Corp. is one of several companies that hold SOL as their main corporate reserve asset. Others, like Forward Industries, Inc. and Upexi Inc., also have millions of SOL tokens on their balance sheets.
Related Reading: Is Zcash The Next Bitcoin? Investors Rush Into The Privacy Coin Narrative
This has real implications for Solana’s price, as it creates a different kind of demand base. Treasury companies like these are long-term holders. Retail demand can disappear quickly, but corporate treasury demand is more structured and usually tied to long-term conviction.
Featured image from Bunq, chart from TradingView
Frequently Asked Questions
Here is a list of FAQs about Solanas 108 growth and what it means for its price outlook
BeginnerLevel Questions
Q What does 108 growth mean for Solana
A It means Solanas price has more than doubled over a specific period If it was worth 50 its now worth over 100
Q Is a 108 increase a sure sign that Solana will keep going up
A No Strong growth suggests positive momentum but crypto is volatile Past performance doesnt guarantee future results It could keep rising stabilize or correct
Q Why did Solana grow so much in the first place
A Usually due to a mix of factors increased network usage new partnerships overall market recovery and confidence in Solanas speed and low fees
Q Should I buy Solana now because its growing
A Not automatically Buying after a big jump carries risk of buying at a peak Always do your own research and consider your risk tolerance Dollarcost averaging is often safer
IntermediateLevel Questions
Q Does 108 growth mean Solana is overbought
A Possibly but not necessarily Overbought conditions can happen during strong trends Sometimes a meltup continues but it also increases the chance of a shortterm pullback
Q What fundamentals support this kind of price increase
A Key fundamentals include rising Total Value Locked in DeFi active developer count transaction volume and realworld adoption If these lag behind price the growth may be speculative
Q How does Solanas growth compare to Ethereum or Bitcoin
A Solana often has higher percentage moves because its smaller and more volatile A 108 gain for Solana is impressive but not unheard of Bitcoin or Ethereum growing 108 would be a much larger event in dollar terms
Q Could this growth be driven by a pump and dump