DeFi Development Corp. Increases Solana Holdings Amid Market Opportunities and Strategic Growth Plans
Main Idea
DeFi Development Corp. increased its Solana holdings by purchasing over 110,000 SOL worth $18.4 million, aiming to maximize SOL per share growth and strengthen its treasury strategy.
Key Points
1. DeFi Development Corp. acquired 110,000 SOL using cash and a $5 billion equity line of credit, raising total holdings to 1.29 million SOL ($215 million).
2. The firm's Solana per share (SPS) metric increased by 47% to 0.0618 SPS, with targets of 0.165 SPS by June 2026 and 1 SOL per share by December 2028.
3. Shares of DFDV gained over 2,000% year-to-date despite recent market volatility, reflecting strong investor confidence in the crypto strategy.
4. The company is developing DeFi integrations and an Accelerator program to compound SOL holdings over time, diversifying its approach.
5. Solana's price fluctuated recently, rising 2.3% in 24 hours but declining 10.7% over the past week to $165.46.
Description
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