Solana Treasury Growth Signals Corporate Conviction

DeFi Development Corp., a Nasdaq-listed Solana treasury company, has reported a substantial growth in its fully converted SOL per share over the past year. According to the company's latest shareholder letter, the fully converted SOL per share has increased by 108% from May 13, 2025, to May 13, 2026.

This significant increase is particularly notable considering Solana's price action has been struggling with bearish momentum during this period. The growth suggests that Solana is beginning to attract the same kind of corporate treasury conviction as Bitcoin and Ethereum.