DFDV Resumes SOL Purchases, Expands Treasury to 2.33M SOL and SOL Equivalents
7 Articles
7 Articles
DFDV Reloads Solana Treasury With 19K SOL as Crypto Rally Gains Pace
DeFi Development Corp. resumed buying Solana, adding nearly 19,000 SOL as a sharp rally in the cryptocurrency lifts the value of its digital-asset holdings. The Nasdaq-listed company paid $98.14 per token, bringing its treasury to about 2.33 million SOL. The purchase was partly funded by proceeds from the sale of its ZeroStack business. DeFi Development plans to hold the new SOL long term and deploy it through its staking infrastructure. Chief E…
According to ChainCatcher, Solana treasury company DeFi Development Corp announced it has resumed purchasing SOL, adding 19,000 SOL tokens for approximately $1.86 million, at an average purchase price of $98.14. Following this acquisition, DeFi Development Corp's SOL treasury holdings have increased to approximately 2.33 million tokens, worth approximately $182 million at current prices.
DeFi Development Corp. expands treasury to 2.33 million SOL as it resumes Solana buying spree
DFDV's Solana focus may boost its market influence but risks financial instability if SOL's value fluctuates, impacting long-term goals. The post DeFi Development Corp. expands treasury to 2.33 million SOL as it resumes Solana buying spree appeared first on Crypto Briefing.
DFDV Resumes Solana Buying as SOL Tops $100
DeFi Development Corp (DFDV) has resumed its Solana accumulation strategy as SOL climbed above the key $100 level amid renewed strength across the cryptocurrency market. The move comes as Bitcoin trades above $80,000, fueling optimism that digital assets could be entering another bullish phase. DFDV announced that it purchased 19,000 SOL at an average price of $98.14 per token. Following the acquisition, the companys treasury has grown to more t…
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