DeFi Dev Corp. raises $125M to expand its Solana treasury holdings, amidst bullish predictions driven by potential U.S. rate cuts and growing institutional interest.
DeFi Dev Corp. (DFDV) has raised $125 million to accelerate its Solana (SOL) treasury growth. The firm’s strategy includes accumulating spot and locked SOL, positioning it as a key player in the growing institutional interest in Solana. The announcement coincides with rising expectations of U.S. interest rate cuts, driving optimism around risk assets like cryptocurrencies. SOL’s price has surged 8%, with predictions suggesting that corporate treasury models could push the coin toward $1,000 in the near term.