DeFi Development Purchases an Additional 400,000 SOL

DeFi Development Corp, the first publicly traded company focused on accumulating and managing Solana (SOL), announced on the 28th that it has acquired an additional 407,247 SOL at an average price of $188.98. This purchase increases the company's total holdings to 1,831,011 SOL, a 29% increase from the previous balance of 1,420,173 SOL.

The funds for this purchase were sourced from the net proceeds of a recent equity fundraising, leaving over $40 million available for future Solana purchases and SOL treasury operations. The newly acquired SOL will be held long-term and staked across a variety of validators, including the company's own Solana validators...