Summary
- DeFi Development Corp. announced that it has expanded its holdings of Solana (SOL) to about $263 million.
- This increase was the result of an additional purchase of 110,000 SOL at an average purchase price of $201.68.
- The company stated that in July it raised funds by issuing convertible bonds totaling $122.5 million with an annual interest rate of 5.5%.
On the 15th (local time), according to The Block, a media outlet specializing in virtual assets (cryptocurrency), DeFi Development Corp., which manages Solana (SOL) as a strategic asset, has increased its SOL holdings to approximately $263 million.
According to the outlet, DeFi Development Corp. holds a total of 14,201,73 SOL, including rewards generated through staking and on-chain activities.
This increase is the result of additionally purchasing 110,000 SOL (about $22 million) at an average purchase price of $201.68. As of this day, the value of approximately 1,420,000 SOL amounts to about $263 million.
Previously, in July, DeFi Development Corp. raised funds by issuing convertible bonds totaling $122.5 million. The bonds pay 5.5% interest annually, paid semi-annually, and mature in 2030. The conversion price includes a 10% premium over the closing price ($21.01) on July 1, 2025.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
