Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase
2025-07-03 18:09:27
Main Idea
DeFi Development Corp (DFDV) expanded its Solana (SOL) holdings by acquiring 17,760 additional tokens worth $2.72 million, increasing its total holdings to 640,585 SOL, valued at $98.1 million, as part of its long-term staking and compounding strategy.
Key Points
1. DeFi Dev Corp acquired 17,760 SOL for $2.72 million, bringing total holdings to 640,585 SOL ($98.1M).
2. The company's SOL-per-share (SPS) stands at 0.042, or $6.65 per share based on current prices.
3. All newly acquired SOL will be staked with various validators, including DeFi Dev Corp’s own infrastructure on Solana.
4. SOL’s price dropped 1.6% to $150.75, with volatility of 4.15% over the past 24 hours.
5. The broader crypto market, as measured by the CoinDesk 20 Index (CD20), rose 0.13% in the same period.
Description
Solana's on-chain fundamentals gained a major vote of confidence on Thursday as Florida-based DeFi Development Corp (DFDV) announced it had expanded its SOL SOL treasury by acquiring 17,760 additional tokens. The purchase, valued at approximately $2.72 million, was executed at an average price of $153.10 per token. This move aligns with the company’s stated long-term strategy of compounding SOL holdings and staking rewards. Following this acquisition, DeFi Dev Corp's total holdings reached 640,5...
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