DeFi Development Corp. (DFDV) shares surged 11.63% in pre-market trading on July 21, 2025, rising to $27.25 from the previous close of $24.41.
Trading volume was elevated following the company’s announcement that it now holds 999,999 SOL and SOL equivalents on its balance sheet, bolstered by BlockTower Capital’s recent $19 million SOL purchase. The company plans to hold and stake the Solana assets long-term to generate yield, serving as the primary catalyst for the stock’s upward movement.