DeFi Development Resumes Solana Purchases, Expands Treasury Holdings

DeFi Development Corp., a Nasdaq-listed company, has resumed purchasing Solana (SOL) tokens for its treasury. The latest acquisition adds approximately 19,000 SOL to its holdings at an average price of $98.14.

This brings DeFi Development's total SOL holdings to about 2.33 million, including equivalents. According to Joseph Onorati, the company's CEO, DFDV is designed to provide investors with leveraged exposure to Solana.

Onorati notes that recent trading activity shows investors increasingly understand this proposition and see DeFi Development's equity as one of the most liquid ways to express a view in the SOL DAT category. The treasury continues to generate differentiated organic yield, he adds.