Crypto
DFDV Boosts Solana Holdings, Sets Up $300M Financing Program
DeFi Development Corp. (Nasdaq: DFDV) has increased its Solana holdings to 2,388,923 SOL and SOL equivalents as of September 14.
The company added 55,491 SOL since August 27, representing a 2% increase in its SOL holdings.
DFDV also set up an at-the-market program that allows it to sell up to $300 million of CHAD preferred stock over time. The proceeds from this program will be used primarily for purchasing additional SOL.
The company's strategy includes holding and staking SOL, operating validator infrastructure, and deploying portions of its treasury through Solana-based applications.