DeFi Development Corp Reaches 2.5M SOL Treasury Milestone

DeFi Development Corp has expanded its Solana (SOL) treasury to over 2.5 million SOL and SOL equivalents, valuing the position at around $309 million.

The company announced on September 28 that it added approximately 47,706 SOL to its treasury since September 21, marking a 2% week-over-week growth in its holdings.

This accumulation represents part of an ongoing strategy described by the company as 'accumulating and compounding Solana rather than simply holding it idle,' which can include staking and other strategies intended to generate additional SOL-denominated returns from the underlying treasury.