Citadel CEO holds 4.5% stake in company accumulating Solana (SOL)

JH Kim

Summary

It was reported that Citadel CEO Ken Griffin holds a 4.5% stake in DeFi Development.
The company is a Nasdaq-listed firm holding about 2.19 million SOL and classifies Solana as a key strategic asset.
Experts predict that hedge funds and institutional capital are entering the crypto asset market through stakes in DeFi-related listed companies.

It was reported that Ken Griffin, CEO of U.S. hedge fund Citadel, holds a 4.5% stake in DeFi Development, a company strategically accumulating Solana (SOL).

On the 22nd (local time), crypto asset (cryptocurrency) specialized media CryptoBriefing reported that DeFi Development is a Nasdaq-listed company and currently holds about 2.19 million SOL. The company classifies Solana as a key strategic asset and maintains a long-term buy position.

According to the industry, Ken Griffin's shareholding is regarded as an example that access to Solana by institutional investors is spreading. In particular, as Solana has recently continued a bullish trend, there is analysis that large funds expanding their positions could have a positive effect on market sentiment.

Experts said, "Hedge funds and institutional capital are indirectly flowing into the crypto asset market through stakes in DeFi-related listed companies," and "coupled with Solana's network growth, interest within the capital markets will continue to expand."