DeFi Development adds 22,070 SOL as treasury hits 2.59 million tokens
Nasdaq-listed DeFi Development Corp. added roughly 22,070 SOL over the past week, bringing its total treasury to about 2.59 million tokens as its CHAD preferred stock traded at record highs.
Nasdaq-listed DeFi Development Corp. added approximately 22,070 SOL and SOL equivalents to its balance sheet over the past week, lifting its total reserves to 2,586,282 tokens, according to reports from The Block and SolanaFloor. SolanaFloor estimated the weekly purchase at around $2.43 million, placing the aggregate value of the firm's SOL treasury at approximately $284.9 million.[1][2][3][5][6]
The company stated that ongoing purchases and organic accumulation have expanded its SOL treasury by approximately 12% since its August 12 earnings update, accomplishing the increase in less than nine weeks. Concurrently, the firm's CHAD preferred stock reached a record trading high despite a broader cryptocurrency selloff. Company disclosures noted that CHAD offers a 13% annual dividend rate supported by the productive treasury holdings.[2][3][5][6]
Even with the latest accumulation, Decrypt reported that the company's weekly purchase volumes have continued to shrink. Crypto Briefing highlighted the treasury strategy as reflective of a widening push to integrate crypto assets into traditional corporate and investment vehicles.[1][4]
Key facts
- DeFi Development Corp. acquired approximately 22,070 SOL and SOL equivalents over the past week.
- The company's total SOL treasury rose to 2,586,282 tokens, or approximately 2.59 million SOL.
- SolanaFloor estimated the weekly purchase at around $2.43 million, valuing the full treasury at approximately $284.9 million.
- The firm's SOL holdings have increased by around 12% since its August 12 earnings update.
- DeFi Development's CHAD preferred stock traded at record highs despite a broader market selloff and offers a 13% annual dividend rate.
- Decrypt reported that the company's weekly SOL purchase amounts have been shrinking.
Sources 路 6 sources
- DE
DecryptArticle 路
Solana Treasury Firm DeFi Development Keeps Buying SOL as CHAD Preferred Stock Hits Record The Nasdaq-listed company now holds about 2.59 million SOL, but its weekly purchases keep shrinking.
Open source - SS
SolanaNews.sol@solananewPost on X 路
馃毃BREAKING: @DEFIDEVCORP ADDS 22,070 SOL TO ITS TREASURY!馃毃 DeFi Development Corp now holds 2,586,282 SOL, growing its treasury by ~12% in less than 9 weeks. https://t.co/35JC1jFADO
Open source - SO
SolanaFloor@SolanaFloorPost on X 路
馃毃JUST IN: Solana treasury company @defidevcorp bought 22,070 $SOL (~$2.43M) over the past week, bringing holdings to 2,586,282 (~$284.9M), up 12% since August 12. https://t.co/OKlI3NjJRX
Open source - CB
Crypto BriefingArticle 路
DeFi Development adds 22,070 SOL as treasury reaches 2.59 million tokens DeFi Development Corp.'s focus on Solana treasury highlights the growing trend of crypto integration in traditional investment vehicles. The post DeFi Development adds 22,070 SOL as treasury reaches 2.59 million tokens appeared first on Crypto Briefing .
Open source - TB
The Block@TheBlockCoPost on X 路
THE BLOCK: Solana treasury firm DeFi Development Corp. $DFDV added approximately 22,070 SOL and solana:So11111111111111111111111111111111111111112 equivalents over the past week, bringing its total holdings to 2.59 million SOL and equivalents. The company said its treasury has grown 12% since Aug. 12, while its CHAD preferred stock reached a record trading high last week despite the broader crypto drop.
Open source - TB
The BlockArticle 路
DeFi Development grows SOL holdings 12% as CHAD hits record highs DFDV added 22,070 SOL last week, lifting holdings to 2.59 million SOL, as its CHAD preferred stock hit record highs despite a selloff.
Open source