DeFi Growth Corp. Boosts Solana Holdings by 22 Million Dollars
defi Development Corp. recently announced the acquisition of 110,000 Solana (SOL) tokens, valuing around $22 million.This latest move escalates the company’s total Solana treasure chest to approximately $273 million.
the company’s strategicSolana holdings per share increased by 9%, climbing to 0.0675. Notably, this figure has surged 48% over the past month.
This key performance indicator measures the value of Solana tokens each investor indirectly possesses. It reflects the primary motivation behind purchasing the company’s stock.
With plans to stake its newly acquired Solana tokens, DeFi Development Corp. aims to earn continuous rewards and grow its holdings further.
DeFi Development Corp.’s aggressive Solana purchasing策略 is unmatched. In less than a month, it boosted its Solana token possession from nearly one million to surpassing 1.4 million tokens.
- DeFi Development Corp. sourced funds for Solana purchases via debt and equity financing.
- It secured a massive $5 billion line of credit, enabling notable solana acquisitions when market conditions permit.
At the current price, the $5 billion credit could translate into a staggering 27 million Solana units. Yet, the firm holds merely 1.42 million SOL tokens so far, indicating significant growth possibilities ahead.
