DeFi Development Corp. Buys Another $2.7 Million in SOL, Boosting Its Crypto Treasury

Key Points

1. DeFi Development Corp. acquired 17,760 SOL tokens, valued at approximately $2.72 million, bringing its total holdings to 640,585 SOL and SOL-equivalent assets.

2. The company's 'SOL per share' (SPS) value stands at $6.65 based on 14.7 million shares outstanding.

3. DeFi Development Corp. operates a hybrid model, combining real estate SaaS services with active Solana staking and DeFi participation.

4. The company's treasury strategy prioritizes holding Solana to provide public market investors with direct economic exposure to SOL's performance.

5. The announcement included standard forward-looking statements, acknowledging risks such as SOL's price volatility and potential regulatory changes.