DeFi Development (DFDV) Acquires Additional Solana, Boosts Holdings to $34.4M | JNVR Stock News

3 days ago

DeFi Development Corporation (DFDV) has expanded its Solana portfolio with the acquisition of 88,164 SOL, valued at approximately $11.5 million. This purchase increases the company's total Solana holdings to 251,842 SOL, with a combined valuation of around $34.4 million, factoring in staking rewards.

Immediately staking the newly acquired Solana, DFDV aims to generate native yield while contributing to the security of the Solana network. This strategic move is part of DeFi Development's broader initiative to wisely allocate capital, leveraging optimal market conditions.

The latest acquisition utilizes funds from the corporation's recently completed $42 million financing round, reaffirming DFDV’s commitment to effectively deploying resources in the cryptocurrency market.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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