Kenneth Griffin Discloses 4.5% Stake in DeFi Development Corp
Kenneth Griffin's Investment in DeFi Development Corp
- Kenneth Griffin, founder and CEO of Citadel, disclosed a 4.5% ownership stake in DeFi Development Corp, a Nasdaq-listed firm.
- The company implemented a Solana ([SOL](https://holder.io/coins/sol/)) treasury reserve strategy in April 2025.
- Griffin owns 1,315,654 shares indirectly through Citadel Advisors LLC.
DeFi Development Corp's Strategy
- The business model focuses on acquiring and staking SOL tokens for capital appreciation and consistent staking yield.
- Currently holds 2,195,926 SOL, about 0.402% of Solana's circulating supply.
- Initial acquisition cost was $236.5 million; current value is approximately $395.3 million, showing a 67% unrealized gain.
Solana Price Movement
- Solana price at $179, up 370% since April 2025.
- A double-bottom pattern suggests potential breakout toward $260.
- Key resistance identified near $190.82; support failure below $171.41 could lead to a drop toward $160.
- Indicators like MACD and RSI point to possible bullish momentum.
SUBBD Presale Update
- Citadel's investment has increased interest in early-stage projects like SUBBD.
- SUBBD presale nearing $1.5 million target; tokens priced at $0.058.
- Participants can secure up to 20% staking rewards before the next pricing tier.
