#solanatreasuryq1spsup108 DeFi Development Corp. reported that its Solana-per-share (SPS) metric increased 108% year-over-year in Q1 2026. The company said SPS rose from 0.0322 SOL to 0.0670 SOL per share as of May 13, while total holdings reached about 2.29 million SOL and equivalents. (The Block)
The firm attributed the growth to several Solana-native treasury strategies, including:
operating its own validator business,
staking treasury assets for yield,
partnering with BONK on validator infrastructure,
deploying more than 25% of treasury assets onchain. (The Block)
Despite the SPS growth, the company still posted a large quarterly net loss due to mark-to-market declines in crypto holdings during the broader market downturn. (The Block)
Broader Q1 Solana ecosystem data also showed:
~10.1 billion transactions processed,
strong growth in RWA/tokenized asset activity,
rising institutional participation,
but weaker network revenue and lower developer counts year-over-year. (Stock Titan)