What signal has the Nasdaq-listed company heavily invested in Solana LST released?
On May 29, the Nasdaq-listed company DeFiDevelopment Corp (DFDV) announced that it has become the first publicly traded company to invest in Solana liquid staking tokens (LST). The company converted part of its SOL holdings into dfdvSOL, a LST token supported by Sanctum technology that maintains asset liquidity while staking SOL.
This is not the first move for DFDV. As early as May 12, they purchased over 170,000 SOL at an average price of $136.81, with a total value reaching $23.6 million. Currently, DFDV holds nearly 600,000 SOL, with a market value exceeding $100 million.
What does this mean?
SOL officially enters the "institutional heavy investment era";
The LST track gains endorsement from traditional financial capital;
Sanctum may become a key infrastructure in the Solana ecosystem.
The value of liquid staking is no longer just an internal consensus, but is starting to be included in asset allocation by traditional publicly listed companies. Beyond Ethereum's Lido, Solana's LST will also usher in its own explosive growth period.
Is LST the next big opportunity?
Keep following: $TRB $SOPH $A
