Business interest in Solana is growing and Defi Development Corp. is the last to announce the addition of more tokens to the growing portfolio.
In a July 3 press releaseThe company announced the purchase of 17,760 Solana (SOL) worth $ 2.72 million. The tokens were obtained at an average price of $ 153.10, and the purchase brings the SOL holdings from the company to 640,585, with a value of around $ 98.1 million.
The movement of Defi Development Corp. Marks the resumption of its long -term accumulation strategy, which strengthens its position as one of the largest known public holders in SOL. The newly acquired tokens are used over several validators, including the company’s own infrastructure, to generate returns on the chain.
Defi DEV Corp. reports on the basis of current interests and 14.74 million outstanding shares. Now 0.042 Sol per share, or approximately $ 6.65 on value per share supported by Sol. The company’s share price also rose by around 17% after the announcement, which reflects a positive response from investors.
Defi Dev Corp. was the first public company to take on a Solana-Native Treasury strategy. In addition to holding the token, the validator infrastructure manages and takes part in the wider Solana Ecosystem.
The adoption comes as an institutional interest in SOL gains a grip. Last month the Nasdaq-raised Upexi became the largest Solana Treasury company, making it an increased to 735,692 Solana. The company has also announced that it will look its shares on the Solana Blockchain, aimed at offering 24/7 trade, real-time arrangement and extensive access to investors via crypto-native portfolios.
Others, such as Sol Strategies Inc., who currently owns 40,000 Sol, have given sights on the expansion of the Treasury, which emphasize the growing trust in the long -term value of Solana among traditional business players.
The wave of adoption seems to spill in price action. Sol has risen around 7% in the past week and currently acts around $ 151. Despite the recording of a dip of 2.7% in the last 24 hours, the current price marks a modest recovery of its monthly malaise.
