DeFi Development Keeps Solana Buying Streak Alive With 110,466 SOL Purchase Despite Recent Price Pullback

Key Points

1. DeFi Development Corporation acquired 110,466 SOL tokens at $166.61 per token, increasing its total holdings to 1,293,562 SOL.

2. The newly acquired SOL tokens are being staked to earn yield and help secure the Solana network.

3. The firm, formerly a real estate financing company, made its first SOL purchase of 2,858 tokens on April 8 after being acquired by former Kraken executives.

4. Solana's price has fluctuated, with a 2.57% increase in the last 24 hours but a 9.9% decline over the past week to $167 at publication time.

5. Other firms like Upexi and BIT have also announced plans to expand their Solana treasuries, with Upexi aiming for 1.65 million SOL and BIT up to $300 million.