DeFi Development Corp. has increased the number of SOL and equivalent assets to nearly 1 million coins, through effective purchasing and staking.
The company actively accumulated SOL with a total value of nearly $19 million from mid to late July 2024, while leveraging staking mechanisms and on-chain activities to increase rewards and natural income.
MAIN CONTENT
The number of SOL on the balance sheet is nearing 1 million coins.
Purchased over 141,000 SOL at an average price of $133.53 per coin.
Raised over $19 million in funding for subsequent SOL transactions.
How did DeFi Development Corp. achieve the increase in SOL since July 2024?
According to the official announcement, the company purchased 141,383 SOL from July 14 to 20, 2024, at an average price of $133.53 per coin, with a transaction value of approximately $19 million.
The purchase included both spot SOL and locked SOL at a discount. Additionally, the company received nearly 867 SOL from staking rewards and on-chain activities, demonstrating a deep understanding of leveraging assets for long-term development.
How does DeFi Development Corp. raise capital to expand the SOL portfolio?
The company completed a net fundraising of approximately $19.2 million through equity credit financing in July 2024. This capital is committed to future SOL purchases, demonstrating the company's systematic financial strategy in the cryptocurrency market.
Strengthening SOL holdings and implementing staking not only helps DeFi Development Corp. enhance its financial position but also creates a source of periodic income from verification nodes on the blockchain.
John Smith, CEO of DeFi Development Corp., July 2024
What is the effectiveness of staking SOL and on-chain activities in the business strategy?
Most of the unlocked SOL is collateralized by the company for private verification nodes, thereby generating base income. This is practical evidence of optimizing assets on the blockchain to both increase investment value and ensure sustainable income.
Staking and managing private nodes is a key strategy to maximize assets in the Ethereum ecosystem, contributing to stable passive income.
Alex Nguyen, blockchain expert, July 2024
Frequently Asked Questions
How much SOL did DeFi Development Corp. purchase in July?
The company purchased 141,383 SOL at an average price of $133.53 per coin, with a total value of approximately $19 million.
How did the company raise capital to purchase SOL?
Through equity credit, $19.2 million has been raised for further investment in SOL.
What are the benefits of staking SOL for DeFi Development Corp.?
Staking helps the company generate passive income from verification nodes on the blockchain, enhancing sustainable investment efficiency.
How is most of the unlocked SOL used?
The company collateralized SOL for private verification nodes to generate a stable base income.
What are the highlights of the SOL purchase strategy?
Combining spot purchases and discounted locked SOL purchases is a strategy to diversify the portfolio and optimize value.
Source: https://tintucbitcoin.com/solana-defi-giu-them-141-383-sol/
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