On May 29, according to Globenewswire, Nasdaq-listed DeFi Development Corp (stock code: DFDV) announced that it has become the first listed company to invest in Solana Liquid Staking Tokens (LST), adopting LST technology developed by Sanctum, and investing part of its SOL holdings in dfdvSOL, a liquid staking token delegated to DeFi Dev Corp. validators, representing the underlying staked SOL assets and accumulated staking rewards.
BlockBeats previously reported that on May 12, DeFi Development (DFDV) announced the purchase of 172,670 SOL at an average price of $136.81, with a total value of $23.6 million, which is the largest purchase since the company turned to the crypto field last month. The Florida-based company currently holds 595,988 SOL, valued at nearly $105 million at current prices.
