DeFi Dev Corp, a publicly traded company, has acquired 86,307 Solana (SOL) tokens at an average price of $110.91 per token, totaling approximately $9.5 million. This purchase increases the company's total SOL and SOL-equivalent holdings to 2,195,926 tokens, valued at around $426 million, representing a 4.7% increase in its Solana position.
The newly acquired SOL tokens will be staked across multiple validators, including the company's own infrastructure, as part of its long-term capital deployment strategy following recent equity financing. In a press release dated October 16, the company emphasized, "This includes our own infrastructure," highlighting its focus on secure, long-term staking for consistent returns.
DeFi Dev Corp now ranks among the largest public holders of Solana globally, just behind firms like Forward Industries, Jump Crypto, Galaxy, and Multicoin Capital, which collectively hold close to 7 million SOL. The company, which originated from former Kraken team members, leverages its industry background to scale validator operations for both internal staking and external client needs.
Additionally, DeFi Dev Corp announced a partnership with Superteam Japan to launch the DFDV JP initiative, aimed at expanding Solana's ecosystem in Japan's regulated financial market. This collaboration involves institutions like Minna Bank and Fireblocks, facilitating balance sheet growth and validator deployment in Asia, and reinforcing the company's international presence.
The acquisition reflects sustained confidence from equity investors and aligns with DeFi Dev Corp's strategy of methodical accumulation over short-term market timing, underscoring its commitment to building a resilient digital asset treasury.
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