DeFi Development increases SOL holdings to 1.29 million, with a market value of approximately $209 million

PANews August 4 news, according to GlobeNewswire, DeFi Development Corp. (Nasdaq: DFDV) announced the purchase of 110,466 Solana (SOL) at an average price of $166.61, with a total value of approximately $18.4 million. The company currently holds about 1,293,562 SOL and equivalent assets, an increase of 9% compared to previously, with a total market value of approximately $209 million. The shares per SOL held (SPS) rose to 0.0618, a quarter-on-quarter increase of 7%. The newly acquired SOL will be held long-term and staked for yield.