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DeFi Development Adds 5,336 SOL, Bringing Holdings to About 2.6 Million

CEO Joseph Onorati linked the company’s continued accumulation to tokenization, an important driver of SOL’s long-term development.

By John Kim
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An unmarked metal token rests beside a compact validator appliance / TokenPost.ai
An unmarked metal token rests beside a compact validator appliance / TokenPost.ai

DeFi Development Corp. added 5,336 Solana (SOL), bringing its reported holdings to about 2.6 million SOL as CEO Joseph Onorati called tokenization an important driver of SOL’s long-term development.

Onorati described tokenization as an important driver of SOL’s long-term development. The company’s treasury centers on SOL, and its validator operations generate staking rewards and fees.

An Oct. 12 treasury update put DeFi Development’s holdings at 2,586,282 SOL and equivalents. The latest total is about 2.6 million SOL.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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