On May 14, citing Bitcoin.com, DeFi Development Corp — a Nasdaq-listed company previously operating in real estate software — announced the acquisition of 172,670 SOL tokens at a Medium price of around $136.81 per token. The total transaction value reached approximately $23.6 million, marking the company's largest purchase of SOL assets to date. This is also the 10th purchase in the company's digital asset fund management strategy.
After this transaction, the total number of SOL tokens held by DeFi Development Corp increased to 595,988 tokens, including Staking rewards, with a current market value of around $102.7 million. The newly purchased SOL tokens will be held long-term by the company and Staked through various validation nodes — including those operated by the company itself — to generate passive income from the Solana ecosystem.
DeFi Development Corp affirmed that it will continue to update its investment strategy and digital asset fund activities through press releases and disclosures to regulatory bodies, reflecting the company's serious commitment to expanding its portfolio into top digital assets like SOL.
