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Aug 15, 03:30 PM
DeFi Development Corp Adds 110,000 SOL for $22M, Total Holdings 1.42M Tokens Worth $273M Amid 48% Price Surge
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DeFi Development Corp Adds 110,000 SOL for $22M, Total Holdings 1.42M Tokens Worth $273M Amid 48% Price Surge

Authors
  • CoinDesk
  • Cointelegraph
  • The Block
8

DeFi Development Corp, the treasury company associated with Solana, has acquired an additional 110,000 SOL tokens for approximately $22 million, increasing its total holdings to 1.42 million SOL valued at around $273 million. This recent purchase was made at an average price of about $201.68 per SOL. The acquisition reflects a continued accumulation of SOL by DeFi Development Corp, whose total SOL reserves have surged in value, with the SOL price per share rising 48% over the past 30 days. The company's growing SOL treasury underscores its strategic investment in the Solana ecosystem.

Written with ChatGPT (GPT-4).

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