DeFi Development Adds 26,203 SOL, Bringing Treasury to 2.564 Million
The Nasdaq-listed company’s SOL and SOL-equivalent holdings are valued at about $302 million.
DeFi Development Corp. added 26,203 SOL and SOL equivalents since Sept. 28, bringing its treasury to 2.564 million tokens valued at about $302 million.
The Nasdaq-listed company’s latest total includes SOL equivalents as well as SOL. The increase follows a prior addition of 101,381 SOL and equivalents between Sept. 14 and Sept. 18, when its holdings reached about 2.49 million tokens.
The company has said it expects to use treasury SOL for staking, validator operations and on-chain treasury systems, depending on market conditions and risk controls. Its previous update described the treasury’s growth as a mix of purchases and organic gains.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.