DeFi Development Corporation Increases Treasury by 82,404 SOL Tokens
DeFi Development Corporation (DFDV) has increased its treasury by acquiring 82,404 SOL tokens, bringing total holdings to 400,091 SOL. At a current price of $143 per SOL, the total value exceeds $57 million.
The new tokens include locked SOL acquired through BitGo’s OTC desk. These tokens cannot be moved on-chain until unlocked but can be traded over-the-counter. DFDV intends to stake these assets for yield generation.
This acquisition follows the recent purchase of a validator operation aimed at self-staking the entire SOL treasury to create protocol-native cash flow.
Currently, DFDV shares have decreased by 3.8%, reflecting the broader market trend with SOL down by 2%.