DeFi Development Corp Adds $3 Million in Solana as SOL Buys Slow
Summary
DeFi Development Corp. added 26,202 SOL, worth about $3 million, between Sept. 28 and Oct. 2, bringing its treasury to 2,564,212 SOL and equivalents valued at $302 million. The increase was slower than in the prior two weeks. The Nasdaq-listed company funds its Solana-focused treasury strategy partly through preferred-stock sales and an at-the-market share program, and also operates validators. It reported preliminary third-quarter figures showing double-digit growth in SOL per share and total SOL since Aug. 12, with net asset value per common share up more than 100%. The article notes that treasury-company growth can stall if shares trade below the value of their crypto holdings.
