Mentioned:
DFDV +18.11% ZSTK +8.78%

DeFi Development Corp is all in on the future of Solana. And now, they’ve resumed buying.

What’s happening:

  • DeFi Development Corp (NASDAQ: DFDV) has purchased approximately 19,000 Solana tokens to hold directly as an asset

By the numbers:

  • DeFi Development Corp purchased the new Solana tokens at an average price of $98.14
  • DeFi Development Corp now holds roughly 2.3M Solana tokens directly as an asset

Why it matters:

  • This is the first Solana purchase that DeFi Development Corp has made in more than ten months

Going deeper:

  • DeFi Development Corp has publicly stated that they are staking nearly all of their unlocked Solana through their own validator infrastructure to generate a yield
  • The new Solana purchase was partially funded by DeFi Development Corp divesting their equity ownership stake in ZeroStack (NASDAQ: ZSTK)