DeFi Development grows Solana treasury to 999,999

DeFi Development (DFDV) now holds 999,999 SOL and SOL equivalents on its balance sheet. This milestone follows the Company’s most recent purchase of 141,383 SOL between July 14 – July 20, at an average purchase price of $133.53, representing a total value of approximately $19less than. The purchased SOL includes both spot purchases and discounted locked SOL. The Company’s total SOL position includes rewards generated through staking and onchain activities.Month-to-date, DeFi Dev Corp. raised approximately $19.2 million in net proceeds through its Equity Line of Credit facility, issuing 740,000 shares of common stock. Approximately $5 million of the proceeds remains available primarily for future SOL purchases. To date, DeFi Dev Corp. has drawn 0.4% of the total available capacity under its ELOC. Approximately $4.98B remains available under the facility.