DeFi Dev Corp Boosts Solana Holdings with Latest Purchase
DeFi Dev Corp continues to implement its stated strategy and utilize the remaining capital from its equity financing to systematically increase its SOL position regardless of short-term price fluctuations. The company’s latest move involves the acquisition of 86,307 Solana (SOL) tokens at an average price of $110.91 per token, expanding its total SOL and SOL-equivalent holdings to 2,195,926, valued at approximately $426 million.
The purchase is part of the company’s ongoing efforts to build a corporate treasury model around Solana, with the newly acquired assets set to be staked to generate yield over the long term through a range of validators, including its own infrastructure. This development comes just a week after DeFi Dev Corp partnered with Superteam Japan to launch DFDV JP, the first Solana-focused treasury project in Japan, as part of its Treasury Accelerator program.
Strategic Expansion and Partnerships
The company’s decision to increase its SOL holdings demonstrates its continued confidence in the Solana ecosystem, as well as its commitment to providing operational and technical support for international expansion. The partnership with Superteam Japan, a group with established enterprise-level alliances with Minna Bank and Fireblocks, signals a strategic push to embed the Solana ecosystem into one of the most regulated and mature digital asset markets in the world.
DeFi Dev Corp’s validator infrastructure, built by a team of former Kraken employees, now supports both its own staking operations and those of external customers, solidifying its position as a major player in the Solana ecosystem. The company is among the top five public holders of Solana, with notable supporters from the world of digital assets and exchanges.
Key Highlights
The key highlights of DeFi Dev Corp’s latest purchase include:
- Purchase of 86,307 SOL at $110.91 each
- Expansion of total SOL and SOL-equivalent holdings to 2,195,926, valued at approximately $426 million
- Partnership with Superteam Japan to launch DFDV JP, the first Solana-focused treasury project in Japan
- Continued confidence in the Solana ecosystem and commitment to international expansion
For more information on DeFi Dev Corp’s latest developments, visit https://crypto.news/defi-dev-corp-adds-86307-sol-to-its-expanding-426m-treasury/
