DeFi Development today announced the purchase of 172,670 Solana at an average purchase price of $136.81, worth approximately $23.6 million. This is the company's 10th purchase of Solana under its digital asset financial strategy and also its largest purchase.

DeFi Development currently holds 595,988 SOL, worth approximately $102.7 million (including staking rewards),

like all previously purchased tokens, the recently acquired SOL will be held long-term and staked to various validators, including DeFi Dev Corp's own Solana validator, to generate native yields.