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.
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