DeFi Development Adds 101,381 SOL, Bringing Holdings to 2.49 Million
Minseung Kang
Summary
- DeFi Development said it increased its holdings of Solana (SOL) and SOL-equivalent assets by 101,381 last week.
- According to an 8-K filing submitted to the SEC, its holdings of SOL and SOL-equivalent assets rose about 4% from 2,388,923 to 2,490,304.
- The company said it plans to use its SOL holdings for staking, validator operations and on-chain treasury infrastructure based on market conditions and risk-management standards.
Forecast Trend Report by Period
DeFi Development Corp. increased its holdings of Solana and SOL-equivalent assets by 101,381 last week.
According to an 8-K filed with the U.S. Securities and Exchange Commission on September 21, the company's holdings of Solana and SOL-equivalent assets rose to 2,490,304 on September 18 from 2,388,923 on September 11. That represents an increase of about 4% over the week.
The company said it plans to deploy its SOL holdings in staking, validator operations and on-chain treasury infrastructure, depending on market conditions and risk-management standards.
DeFi Development is a U.S.-listed company that has been increasing its holdings after adopting Solana as a core treasury asset.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.