Summary
- DeFi Development said it purchased an additional 86,307 Solana (SOL) at an average of $110.91.
- With this purchase, total Solana holdings exceeded 2,000,000, and the total valuation is about $426 million.
- The company said the purchase was made for long-term network participation and maximizing staking returns.
Nasdaq-listed DeFi Development Corp purchased 86,307 Solana (SOL). In this purchase, it paid an average of $110.91 per token.
On the 17th (local time), The Block reported that DeFi Development purchased 86,307 Solana. With this transaction, total holdings exceeded 2,000,000, and the total valuation amounts to about $426 million. DeFi Development said, "We purchased additional Solana to maximize long-term network participation and staking yields."
DeFi Development is a company founded earlier this year by former Kraken staff, and pursues an operating strategy focused on acquiring and staking Solana and related tokens (e.g., Dogwifhat). It also provides validator services to major exchanges such as Kraken.
Son Min
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