DeFi Development Corp Expands Solana Holdings Amid Slowing Purchases
- DeFi Development Corp added approximately 26,203 SOL between September 28 and October 2, increasing its holdings to a total of 2,564,212 SOL.
- The company’s treasury grew by about $3 million in value during this period, marking an increase of roughly half the amount compared to the previous week.
- As of October, DeFi Development Corp’s treasury is valued at $302 million, reflecting an overall growth of approximately 11% since August.
- The company issued its first dividend on CHAD preferred stock at a rate of 13% on October.
DeFi Development Corp continues to expand its Solana holdings despite a slowdown in purchasing pace compared to previous weeks. The company’s strategy focuses on accumulating Solana as part of its digital asset treasury approach.
With Solana holdings now exceeding $302 million in value, DeFi Development Corp demonstrates significant growth since August, underscoring its commitment to leveraging the cryptocurrency market for expansion. (Source)
