DeFi Development Resumes Solana Accumulation with $1.86M Purchase
DeFi Development Corp., a company focused on building long-term exposure to the Solana ecosystem, has resumed its Solana accumulation strategy by purchasing approximately 19,000 SOL at an average price of $98.14 per token.
The latest acquisition brings DeFi Development's treasury to about 2.33 million SOL and SOL equivalents, reinforcing its focus on building long-term exposure to the Solana ecosystem.
According to the company, part of the transaction was funded through proceeds from the divestment of its ZeroStack position, but it did not disclose the amount generated from the divestment.
The newly acquired tokens are expected to remain long-term treasury assets and will be deployed through the company's staking and on-chain treasury infrastructure.