Svmuu reports that DeFi Development Corp, the treasury company of Solana, has disclosed that despite an expanded first-quarter loss, its per-share SOL holdings rose from 0.0322 to 0.0670 over the past year, representing a 108% increase. As of May 13, the company held approximately 2.2946 million SOL and equivalents. CEO Joseph Onorati stated that the company achieved growth through strategies including internal staking, operating a joint validator node in partnership with Bonk, and deploying over 25% of its treasury on-chain. He also views Strategy's approach as a starting point, not a ceiling. The company reported Q1 revenue of $2.66 million, up 827% year-over-year; net loss was $83.4 million, compared to $0.778 million in the same period last year, primarily impacted by the decline in SOL price.