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DeFi Development Corp adds 47,706 SOL to lift treasury to 2.54 million tokens

DeFi Development Corp added roughly 47,706 SOL worth $5.8 million over the past week, expanding its total Solana holdings to about 2.54 million tokens valued at $309 million.

DeFi Development Corp. logo featuring an orange arch motif above the company name against a dark navy background.
Image: @TheBlockCo

Solana treasury company DeFi Development Corp. added roughly 47,706 SOL to its reserves since Sept. 21, an acquisition valued at approximately $5.8 million, according to reports from SolanaFloor and The Block. The addition brought the company's total treasury to about 2.54 million SOL and SOL equivalents, worth an estimated $309 million.[2][3][4][5]

The latest purchase marks roughly 2% growth week over week in the firm's token holdings. DeFi Development Corp. noted that its $300 million CHAD ATM facility provides further capital to continue purchasing SOL. Crypto Briefing also reported that the firm grew its treasury by 10% across the preceding six weeks, pointing out that its buying strategy could influence market activity and volatility.[1][2][3]

Key facts

  • DeFi Development Corp. acquired approximately 47,706 SOL since Sept. 21.
  • The purchase cost approximately $5.8 million, according to SolanaFloor.
  • The addition lifted the company's total holdings to about 2.54 million SOL and SOL equivalents, valued at $309 million.
  • The recent accumulation reflects an increase of roughly 2% week over week.
  • DeFi Development Corp. stated its $300 million CHAD ATM provides additional capital to continue accumulating SOL.
  • The company grew its treasury holdings by 10% in the preceding six weeks, according to Crypto Briefing.

Sources · 5 sources

  1. CB

    Crypto BriefingArticle ·

    DeFi Development Corp tops 2.5M SOL after growing treasury 10% in six weeks DeFi Dev Corp's aggressive SOL acquisition strategy could amplify market influence and volatility, while offering potential yield-driven growth. The post DeFi Development Corp tops 2.5M SOL after growing treasury 10% in six weeks appeared first on Crypto Briefing .

    Open source
  2. TB

    The Block@TheBlockCoPost on X ·

    THE BLOCK: DeFi Development Corp. added approximately 47,706 SOL to its treasury since Sept. 21, bringing total holdings to about 2.54 million SOL and solana:So11111111111111111111111111111111111111112 equivalents worth $309 million. The latest addition represents roughly 2% growth week over week. $DFDV said its $300 million CHAD ATM provides additional capital to continue accumulating SOL.

    Open source
  3. BL

    BlockNews@blocknewsdotcomPost on X ·

    🚨 JUST IN: DeFi Development Corp. $DFDV added roughly 47,706 $SOL to its treasury since Sept. 21, growing its holdings by about 2% to 2.54 MILLION SOL and SOL equivalents worth $309 MILLION. The company says its $300 MILLION CHAD ATM provides additional capital to continue accumulating SOL.

    Open source
  4. SO

    SolanaFloor@SolanaFloorPost on X ·

    🚨JUST IN: @Solana treasury company @defidevcorp bought 47,706 $SOL ($5.8M) over the past week, bringing its holdings to 2.54M $SOL, valued at $309M. https://t.co/rlVwY8yFHH

    Open source
  5. SS

    SolanaNews.sol@solananewPost on X ·

    🚨BREAKING: @DEFIDEVCORP SOLANA TREASURY HITS 2.5 MILLION SOL — NOW WORTH $309 MILLION!!!🚨 https://t.co/hIVVpC14Mg

    Open source