DeFi Dev Corp Expands Solana Holdings with Strategic Purchase
DeFi Development Corp, a Nasdaq-listed firm, has bolstered its Solana (SOL) holdings. The company acquired 86,307 SOL tokens at $110.91 each. This move increases its total SOL and equivalent holdings too 2,195,926, valued at about $426 million.
The firm plans to stake these new assets long-term across various validators, including its own infrastructure.This strategy aims to generate yield. The purchase is part of DeFi Dev Corp’s ongoing capital deployment from a recent equity financing round.
DeFi Dev Corp, founded by former Kraken employees, is among the top five public holders of Solana. the company’s validator infrastructure supports both its staking operations and those of external clients.
Just a week ago, DeFi Dev Corp partnered with Superteam Japan to launch DFDV JP. This is the first Solana-focused treasury project in japan. The initiative provides operational and technical support for international expansion.
The partnership with Superteam Japan, which has alliances with Minna Bank and Fireblocks, shows DeFi Dev corp’s strategic push to embed the Solana ecosystem in a regulated digital asset market.
