DeFi Development Corp has bolstered its Solana (SOL) treasury by acquiring an additional 196,141 tokens at an average price of $202.76, spending nearly $40 million. This brings the company's total SOL holdings to over 2 million tokens, valued at approximately $412 million. The company plans to stake the entire amount to generate yield, marking a continued commitment to Solana amid broader corporate interest in the blockchain ecosystem. Despite some volatility in DeFi Development’s shares, the firm's strategic acquisitions underscore the growing institutional confidence and momentum behind Solana’s blockchain growth.
Continue to read DeFi Development Corp Expands Solana Holdings to Over 2 Million Tokens with $40 Million Purchase
DeFi Development Corp has bolstered its Solana (SOL) treasury by acquiring an additional 196,141 tokens at an average price of $202.76, spending nearly $40 million. This brings the company's total SOL holdings to over 2 million tokens, valued at approximately $412 million. The company plans to stake the entire amount to generate yield, marking a continued commitment to Solana amid broader corporate interest in the blockchain ecosystem. Despite some volatility in DeFi Development’s shares, the firm's strategic acquisitions underscore the growing institutional confidence and momentum behind Solana’s blockchain growth.
Continue to read DeFi Development Corp Expands Solana Holdings to Over 2 Million Tokens with $40 Million Purchase
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