DeFi Development (DFDV) purchased 153,225 Solana, or SOL, at an average purchase price of $154.85 and valued at approximately $23.72M. Following this transaction, DeFi Dev now holds approximately 846,630 SOL and SOL equivalents, including staking rewards, making the company the largest Solana treasury company, by both total holdings and market capitalization. The latest purchase was funded, in part, by $9.65M in net proceeds from the exercise of the greenshoe option tied to the company’s previously announced convertible note offering.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DFDV: