💻 Publicly traded software company DeFi Development Corp. has increased its reserves of Solana (SOL) by over 110,000 SOL, with an approximate value of $18.4 million.
💰 Thus, the total amount of Solana owned by the company reaches approximately 1,293,562 SOL, worth over $215 million at current Solana prices.
📈 Dan Kang, the company's head of investor relations, said they are focused on increasing the amount of SOL per share in the fastest and most efficient way possible, taking advantage of favorable market conditions for buying.
💵 The purchase was financed from available cash and from the proceeds of a $5 billion equity line of credit.
📊 Over the past month, the company increased its 'Solana per share' metric by 47% to reach 0.0618 SPS.
🎯 The company's goals include reaching 0.165 SPS by June 2026 and 1 SOL per share by December 2028.
🔄 The company changed its name from Janover to DeFi Development Corp to reflect its new focus on digital currencies.
🤝 In addition to the purchase, the company acquired a validator project for Solana and established a $5 billion line of credit to expand its purchases.
🚀 The company seeks to develop a business model that goes beyond what MicroStrategy has followed, by expanding verification services, integrating DeFi services, and developing initiatives to enhance SOL accumulation per share.
📈 The price of DFDV's stock rose today by 9.59% to reach $15.38, with a decline of 33% in the last month, but investors have made profits exceeding 2000% since the beginning of the year.
🔄 The price of Solana rose by 2.3% in the last 24 hours but fell by 10.7% in the last week to reach $165.46.