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SOL gets fresh institutional push as Nasdaq-listed firm expands treasury with $2.7m

2025-07-04 11:32:52

SOL gets fresh institutional push as Nasdaq-listed firm expands treasury with $2.7m

Main Idea

Corporate interest in Solana is growing, with DeFi Development Corp. increasing its SOL holdings and staking tokens, reflecting broader institutional adoption and positive market response.

Key Points

1. DeFi Development Corp. purchased 17,760 SOL worth $2.72 million at an average price of $153.10, bringing its total holdings to 640,585 SOL valued at $98.1 million.

2. The company will stake the newly acquired tokens across multiple validators, including its own infrastructure, to generate returns.

3. DeFi Dev Corp. reports 0.042 SOL per share ($6.65 SOL-backed value per share) and saw a 17% stock price rise post-announcement.

4. Institutional interest in SOL is increasing, with other firms like Sol Strategies Inc. holding significant SOL and exploring tokenization of shares on the Solana blockchain.

5. SOL's price has risen 7% over the past week, trading around $151, showing recovery from a month-long slump despite a recent 2.7% dip.

Description

Corporate interest in Solana is growing, and DeFi Development Corp. is the latest to announce the addition of more tokens to its growing portfolio. In a July 3 press release , the company announced the purchase of 17,760 Solana ( SOL ) worth $2.72 million. The tokens were acquired at an average price of $153.10, and the purchase brings the firm’s SOL holdings to 640,585, valued at approximately $98.1 million. DeFi Development Corp.’s move marks the resumption of its long-term accumulation strate...

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