PHXvsDFDV
Phoenix Group PLC vs DeFi Development Corp
Side-by-side crypto treasury comparison across tokens: PHX (Bitcoin) vs DFDV (Solana). USD market value is directly comparable; token-native amounts are shown for context. Numbers refresh every 5 minutes.
Mixed-token comparison. PHX holds Bitcoin, DFDV holds Solana — token-native amounts are shown side-by-side for context, but USD market value is the only directly comparable metric.
PHX
Phoenix Group PLC
🇦🇪 AE
641 BTC
$41.5M market value
DFDV
DeFi Development Corp
🇺🇸 US
2,294,576 SOL
$177.8M market value
Metric
PHX
DFDV
Holdings (BTC / SOL)
641 BTC
2,294,576 SOL
Market value of treasury
$41.5M
$177.8M
Average cost per token
$65,230.69
$141.09
Total cost basis
$41.8M
$323.7M
mNAV (market cap ÷ token value)
—
0.48×
Last disclosed purchase
Dec 31, 2025
Mar 31, 2026
Country
- Dec 31, 2025+-300 BTC$26.5M
- Sep 30, 2025+-100 BTC$11.4M
- Mar 31, 2026+794,000 SOL$65.5M
PHX vs DFDV: frequently asked
Which company has a larger crypto treasury by USD value, PHX or DFDV?▾
PHX (Bitcoin) holds 641 BTC worth $41.5M. DFDV (Solana) holds 2,294,576 SOL worth $177.8M. DFDV has the larger USD-value treasury — roughly 4.3× larger.
Can you compare PHX's BTC holdings directly to DFDV's SOL holdings?▾
Not in token-native amounts — PHX holds Bitcoin and DFDV holds Solana, so "641 BTC" and "2,294,576 SOL" measure different assets. The honest comparison is USD market value: $41.5M vs $177.8M at current prices.
What's PHX's cost basis per BTC, and DFDV's per SOL?▾
PHX's average cost is $65,230.69 per BTC. DFDV's is $141.09 per SOL. These aren't directly comparable across tokens — each is the company's average against its own asset.
When did PHX last buy Bitcoin?▾
PHX disclosed a -300 BTC purchase on December 31, 2025.
When did DFDV last buy Solana?▾
DFDV disclosed a 794,000 SOL purchase on March 31, 2026.