DeFi Development Corp Stock Soars After New Solana Purchase
2025-07-04 09:13:04
Main Idea
DeFi Development Corp's stock surged after purchasing Solana tokens, while Nano Labs acquired BNB and Figma disclosed Bitcoin ETF holdings, reflecting corporate interest in cryptocurrency investments.
Key Points
1. DeFi Development Corp's stock rose 17% after buying $2.7 million worth of Solana (SOL), bringing its total SOL holdings to nearly $98 million.
2. Nano Labs purchased $50 million in BNB as part of a plan to hold up to 10% of the token's circulating supply, though its stock dropped 4.7%.
3. Figma disclosed $70 million in Bitcoin ETF investments and reserved $30 million in USDC for future Bitcoin purchases, signaling strong conviction in BTC's long-term value.
4. DeFi Development Corp raised $112.5 million through private placements, with plans to allocate $75.6 million toward a prepaid forward strategy.
5. Figma's Bitcoin ETF investment appreciated by 26%, reaching $69.5 million by the end of March 2024.
Description
This latest purchase brought its total SOL holdings to nearly $98 million. The company’s stock surged 17% on Thursday and 30% over two days, thanks to the bullish investor sentiment around its staking plans and a $112.5 million capital raise. Meanwhile, Chinese chipmaker Nano Labs revealed a $50 million BNB acquisition. The company also plans to eventually hold up to 10% of the token’s circulating supply. However, its stock dipped 4.7% despite the move. Additionally design software firm Figma re...
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