## DeFi Development Boosts Solana Investment DeFi Development (formerly Geno), a Nasdaq-listed company previously known as Geno, has significantly increased its investment in Solana (SOL) with a recent purchase of $9.9 million worth of the cryptocurrency. This acquisition brings their total holdings to 317,273 SOL. ## Strategic SOL Acquisition via BitGo OTC The transaction was strategically executed through BitGo's over-the-counter (OTC) desk, allowing for a large purchase without significantly impacting the open market price. This move signals DeFi Development's strong belief in the long-term potential of the Solana ecosystem and its native token, SOL. The company likely sees Solana as a key player in the evolving decentralized finance landscape. This latest investment underscores the growing interest of institutional investors in Solana and its expanding ecosystem of decentralized applications (dApps). ```