DeFi Development Corp. has purchased an additional 110,466 Solana Tokens at an average price of 166.61 USD, raising the total holdings to over 1.2 million SOL.
This company currently owns approximately 1,293,562 SOL and equivalent assets, an increase of 9% from before, with a total market capitalization of nearly 209 million USD. The newly purchased Tokens will be held long-term and participate in staking to generate income.
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DeFi Development Corp. purchased 110,466 SOL at an average price of 166.61 USD/Token.
The total amount of SOL held currently stands at approximately 1,293,562, representing a 9% increase from before.
New Tokens will be held long-term and staking will generate income.
How many Solana Tokens has DeFi Development Corp. purchased and at what value?
DeFi Development Corp. announced the purchase of 110,466 Solana (SOL) Tokens at an average price of 166.61 USD/Token, totaling nearly 18.4 million USD.
This price level aligns with the Solana market trend during that period. Through this move, the company demonstrates its commitment to expanding its cryptocurrency portfolio by increasing its SOL holdings in the context of the high growth potential of the Solana Blockchain.
Currently, how much SOL does DeFi Development Corp. own and what is the market capitalization of these assets?
The company is managing approximately 1,293,562 SOL Tokens along with equivalent assets, with a market capitalization of about 209 million USD.
The 9% increase in SOL holdings compared to last month reflects a strategy of steady growth and optimization of the digital asset portfolio. This also helps to raise the SOL per share (SPS) index to 0.0618, up 7% from last month, reinforcing confidence in long-term investment effectiveness.
What is the purpose of purchasing additional SOL and how will it be used?
DeFi Development Corp. is committed to holding newly purchased SOL Tokens long-term and using staking to generate stable returns from this asset.
This move not only helps to leverage the benefits of holding Tokens but also increases passive income through staking, while contributing to strengthening liquidity and the role of SOL in the increasingly developing DeFi ecosystem.
The enhancement of SOL holdings and staking demonstrates confidence in Solana's long-term potential as a leading Blockchain platform.
Cryptocurrency financial expert, August 2023
Frequently asked questions
How many times has DeFi Development Corp. invested in SOL this year?
The company has made at least one significant purchase of SOL with 110,466 Tokens, raising the total holdings to over 1.2 million.
What is the total market capitalization of the amount of SOL the company holds?
What benefits does staking SOL provide for DeFi Development Corp.?
Helps generate passive income from Tokens, while supporting the security and growth of the Solana platform.
Will the newly purchased SOL be traded immediately or held long-term?
Newly purchased Tokens will be held long-term and participate in staking, not immediately sold on the market.
What does the SOL per share (SPS) index reflect?
SPS represents the corresponding SOL ratio per share, with a 7% increase indicating enhanced asset effectiveness on a shareholder basis.
Source: https://tintucbitcoin.com/solana-defi-nam-giu-129-trieu-sol/
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