The Defi Development Corp. has announced the expansion of its treasury accelerator program, marking a significant milestone in the company’s efforts to catalyze growth in the digital asset treasury space.
The company’s decision to expand its Digital Asset Treasury Program is a testament to the growing institutional interest in established cryptocurrencies like Solana. According to a recent announcement, Defi Development Corp. will invest up to $75 million in individual funds through its treasury accelerator program.
Key Highlights of the Program
The program’s key features include:
- Defi Development Corp. will assign between $5 million and $75 million to each Digital Asset Treasury (DAT) through equity investments, convertible structures, or external financing.
- The company will finance its investments with Solana tokens, either in cash or in-kind benefits.
- Profits generated by the fund will be reinvested to purchase more Solana (SOL) tokens, creating a cycle of growth and increasing the Sol-Per-Share metric for shareholders.
Company Statement and Strategy
Joseph Onorati, Chief Executive Officer of Defi Development Corp., stated, “We have built up the treasury accelerator to catalyze growth in digital asset treasuries worldwide. We intend to support the most promising DATs globally and use the returns to expand SOL per share for our shareholders.” The company’s strategy aims to create a self-sustaining cycle of investment and growth, where successful investments in digital asset treasuries increase its Solana holdings, generating more value for shareholders.
Defi Development Corp.’s approach to digital asset treasuries involves investing in crypto-native funds that manage their own investments and operate entirely on-chain. By doing so, the company hopes to promote SOL-TREASURY strategies worldwide and accelerate its own Solana holdings.
For more information on Defi Development Corp.’s treasury accelerator program and its plans for the Solana ecosystem, please visit https://crypto.news/defi-development-corp-expands-solana-treasury-accelerator/.
