Nasdaq-Listed DeFi Development Corp. Jumps 17% After $2.7M Solana Purchase
2025-07-04 08:19:11
Main Idea
DeFi Development Corp.'s stock surged 17% after announcing a $2.7 million Solana purchase, increasing its total Solana holdings to 640,585 SOL, valued at around $98 million, and plans to raise $112.5 million to support its Solana-focused strategy.
Key Points
1. DeFi Development Corp. purchased 17,760 SOL tokens at an average price of $153.10, bringing its total Solana holdings to 640,585 SOL, worth approximately $98 million.
2. The company's stock (DFDV) surged 17% following the announcement, closing at $23.80 and rising another 0.8% in after-hours trading to $24.
3. DeFi Development Corp. plans to raise $112.5 million through private placements, with $75.6 million allocated for a prepaid forward stock purchase agreement.
4. Despite the recent rally, the stock remains 33% below its May peak of $35.53, though it has skyrocketed over 2,700% year-to-date.
5. The company reported a 30% drop in net revenue and a 15.5% decline in net profit margin in its latest quarterly report compared to the same period last year.
Description
Shares of DeFi Development Corp. surged 17% on Thursday after the company revealed it had acquired $2.7 million worth of Solana as part of its aggressive crypto treasury strategy. Key Takeaways: DeFi Development Corp. shares surged 17% after announcing a $2.7 million Solana purchase. The company’s Solana holdings now total 640,585 SOL, worth roughly $98 million. DeFi Development Corp. plans to raise $112.5 million to support its Solana-focused strategy. The company said it purchased 17,760 SOL t...
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