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DeFi Development Corp Acquires 196K SOL, Boosts Holdings to 2M

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DeFi Development Corp has added one other 196,141 Solana (SOL) to its treasury, spending practically $39.76 million to increase its stake within the fast-growing blockchain.

Key Takeaways:

  • DeFi Development Corp has doubled its Solana holdings to over 2 million SOL, now price roughly $412 million.
  • The agency is funding its purchases utilizing a $5 billion fairness line, with simply 0.4% tapped up to now.
  • Despite fast accumulation, DFDV shares are down 57% from their peak however stay up 1,710% year-to-date.

The buy brings the agency’s complete holdings to simply over 2.02 million SOL, now valued at roughly $412 million.

According to Thursday’s announcement, the corporate acquired the tokens at a median value of $202.76 and plans to stake your complete quantity to generate yield.

DeFi Development Corp Doubles SOL Holdings After $125M Raise

The transfer follows a $77 million SOL purchase final week on the identical day the corporate closed a $125 million fairness increase. DeFi Development Corp’s SOL holdings have now doubled since July 21.

Despite the aggressive accumulation, shares of DFDV fell 7.59% on Thursday to shut at $15.21, earlier than recovering barely in after-hours buying and selling to $15.36, per Google Finance.

The inventory stays up 1,710% year-to-date, however remains to be buying and selling 57% beneath its May 22 peak of $35.53.

The first publicly listed firm to construct its treasury technique fully round Solana, DeFi Development Corp. has been on a gradual accumulation path all through 2025.

In July, it reached the symbolic milestone of holding 1 million SOL after buying 141,383 tokens for round $19 million.

To fund acquisitions, the agency is drawing from a $5 billion equity line of credit, although solely 0.4% has been used up to now.

In its June quarter report, the corporate posted a 350% improve in income year-over-year and a 525% leap in web revenue margin.

In the identical month, Cantor Fitzgerald began coverage on DFDV with an “chubby” ranking and a $45 value goal.

Meanwhile, Solana itself continues to entice investor curiosity.

Galaxy, Jump, and Multicoin Plan $1B Solana Treasury Bet

As reported, Galaxy Digital, Jump Crypto, and Multicoin Capital are in talks to raise around $1 billion to build the largest Solana treasury to date.

Bloomberg reported that Cantor Fitzgerald has been tapped because the lead banker, with the Solana Foundation backing the deal, which might shut in early September.

The plan entails taking on a publicly traded firm and changing it right into a digital asset treasury car devoted to Solana.

Likewise, Pantera Capital is getting ready to raise as much as $1.25 billion to rework a Nasdaq-listed firm into “Solana Co.,” a public car constructed to accumulate Solana (SOL) as a treasury asset

The plan reportedly entails an preliminary $500 million increase, adopted by $750 million by way of warrants.

If accomplished, it will mark one of many largest devoted efforts to create a public Solana treasury car.

The transfer follows Pantera’s disclosure earlier this month that it has already deployed about $300 million into digital asset treasury (DAT) companies.

Asset supervisor Bitwise lately famous that Solana had reached a $100 billion market cap in below 5 years, sooner than legacy tech companies like Google and Meta, which took seven and 9 years, respectively.

SOL has gained 26.2% previously 30 days and is up 54.5% year-on-year, in accordance to CoinGecko, with staking yields and company curiosity offering contemporary tailwinds for the ecosystem.

The submit DeFi Development Corp Acquires 196K SOL, Boosts Holdings to 2M appeared first on Cryptonews.

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