DeFi Development Corp. Expands SOL Treasury to Nearly 1 Million, Secures $19 Million Through Equity Line of Credit

Reuters
07-21
DeFi Development Corp. Expands SOL Treasury to Nearly 1 Million, Secures $19 Million Through Equity Line of Credit

DeFi Development Corp., the first publicly traded company with a treasury strategy focused on accumulating and compounding Solana $(SOL)$, has expanded its holdings to nearly one million SOL. The company recently purchased 141,383 SOL, valued at approximately $19 million, which includes spot purchases and discounted locked SOL. This acquisition brings the company's total SOL and SOL equivalents to 999,999, valued at around $181 million. DeFi Development Corp. has been actively staking its SOL to its own validator infrastructure, generating yield and earning approximately 867 SOL in rewards over a week. Additionally, the company raised $19.2 million from its Equity Line of Credit, with $5 million reserved for future SOL purchases. The company's robust strategy has led to a 13% increase in SOL per share, positioning it for long-term growth in the cryptocurrency space.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DeFi Development Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9497374-en) on July 21, 2025, and is solely responsible for the information contained therein.

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