DeFi Development Corp. has bolstered its treasury by acquiring 86,307 Solana (SOL) tokens at an average price of $110.91 each. This purchase increases the company's total SOL holdings to 2,195,926, valued at approximately $426 million. The newly acquired tokens will be staked long-term across various validators, including the company's own infrastructure, to generate yield. This move comes after DeFi Dev Corp's partnership with Superteam Japan to launch DFDV JP, marking the first Solana-focused treasury initiative in Japan.
DeFi Dev Corp Expands Treasury with 86,307 SOL Acquisition
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
