Crypto
DeFi Development Boosts Solana Holdings with $1.86 Million Purchase
DeFi Development Corp. has resumed its Solana (SOL) accumulation program, purchasing approximately 19,000 SOL at an average price of $98.14 per token on August 27.
The acquisition expanded the company's treasury to approximately 2.33 million SOL and SOL equivalents, with proceeds from the divestment of ZeroStack partially funding the purchase.
DeFi Development plans to deploy the newly acquired SOL through its staking and onchain treasury infrastructure, where they may generate staking rewards and other revenue.