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DeFi Development Corp Reports 1.42 Million SOL Holdings Including Staking Rewards

DeFi Development Corp Reports 1.42 Million SOL Holdings Including Staking Rewards

DFDV’s latest $22 million Solana purchase raises total holdings to $273 million, with all new tokens staked to boost yield and secure the network amid growing institutional SOL demand.

Fact Check
The statement is directly confirmed by two recent reports from credible financial news sources, Yahoo Finance and Barchart. Both articles, published within the last 24 hours, explicitly state that DeFi Development Corp has grown its treasury to 1.42 million SOL. While some other provided sources mention lower figures, they appear to be older reports, making the 1.42 million figure the most current and well-supported number.
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Summary

DeFi Development Corp. (Nasdaq: DFDV) has expanded its Solana holdings by acquiring 110,000 SOL at an average price of $201.68, worth about $22 million. This raises its total to 1,420,173 SOL and equivalents, valued around $273 million. SOL per share increased 9% since August 4, and 48% over the past month, reaching 0.0675 SOL, or $13.02. The company confirmed all new holdings are staked across multiple validators, including its own, to earn yield and secure the Solana network. Powered partly by a $122.5 million convertible debt raise led by Cantor Fitzgerald, DFDV is pursuing a long-term accumulation strategy, also running validators for projects like Dogwifhat and launching the DFDV Treasury Accelerator program. Institutional interest in Solana is rising, with eight entities collectively holding over $1B in SOL, and Solana recently surpassed Ethereum in 24-hour perpetuals trading volume.

Terms & Concepts
  • SOL: The native cryptocurrency of the Solana blockchain, used for transactions, staking, and powering decentralized applications.
  • Staking: The process of committing cryptocurrency holdings to support a blockchain network's operations, often earning rewards in return.
  • Solana Validator Node: A server that participates in validating transactions and securing the Solana blockchain, often earning rewards in SOL.