Just In: DeFi Development Corp. Adds 47,272 SOL, Now Holds $103M In Solana

DeFi Development Corp. has expanded its Solana treasury with the purchase of an additional 47,272 SOL tokens, valued at approximately $7.03 million. This acquisition brings the company’s total holdings of SOL and SOL equivalents to around 690,420 tokens, worth about $102.7 million.

DeFi Development Corp Solana Treasury Hits 690,420

DeFi Development Corp. in a press release announced the acquisition of 47,272 SOL at an average price of $149.09 per token.

With the latest SOL purchase, the total number of SOL and SOL equivalents held by the company now stands at 690,420 tokens. The current value of these holdings is estimated to be $102.7 million, inclusive of staking rewards. This marks a 64.1% increase in their holdings compared to 420,690 SOL two months ago.

The newly purchased Solana tokens will be staked across various validators, including DeFi Development Corp.’s own Solana validators, to generate native yield over time.

“The purchase of SOL is a key part of our ongoing strategy to grow our holdings in Solana and capitalize on the blockchain’s potential,” said the company in its statement.

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Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary .


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