DeFi Development Corp Buys 172,670 SOL at $136.81, Holdings Surpass $100M; Upexi Holds $102M in Solana
By: defi news|2025/05/14 19:30:09
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DeFi Development Corp (Nasdaq: DFDV) announced on May 12, 2025, the acquisition of 172,670 Solana (SOL) tokens at an average price of $136.81 per token, totaling approximately $23.6 million. This purchase increased the company's total Solana holdings to 595,988 tokens, valued at over $100 million. This move is part of DeFi Development Corp's crypto-forward treasury strategy, reflecting growing institutional accumulation of Solana. Meanwhile, Upexi, another publicly traded company, has acquired 326,347 locked SOL at an average price of $135.22, bringing its total Solana holdings to 596,714 tokens with a market value of about $102 million, making it the largest Solana treasury among publicly traded companies. Collectively, institutional and retail demand for Solana has surged, with over $110 million of SOL acquired through institutional treasury strategies in recent weeks. Other entities such as Bonk and SOL Strategies have also accumulated substantial amounts of SOL, indicating broad interest in the cryptocurrency.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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