DFDV Resumes Buying Solana as SOL Surpasses $100

DeFi Development Corp (DFDV) has resumed buying Solana (SOL) tokens, purchasing 19,000 SOL at an average price of $98.14 as SOL surpassed the $100 mark.

This move follows Bitcoin's rise above $80,000, which has boosted confidence in a potential new bullish phase for cryptocurrencies.

DFDV's treasury now holds over 2.3 million SOL and equivalents, positioning it as one of the largest public Solana treasury holders.

The company plans to hold SOL long-term while utilizing staking and onchain infrastructure, with the latest purchase partially funded by selling its ZeroStack position.