ChainCatcher news, reported by The Block, DeFi Development Corp (DDC) released a shareholder letter on Tuesday, disclosing that the company currently holds over 1.3 million SOL tokens, with a total value of nearly 250 million USD. The report shows that the company increased its holdings by 4,500 SOL in just the first two weeks of August.

DDC's financial data for the second quarter shows that quarterly revenue was 1.98 million USD, a year-on-year increase of 395%; net profit reached 15.4 million USD, compared to a loss of 800,000 USD in the same period last year. The company expects its validator and staking business to achieve an annualized return of 10%, which, based on the current holding amount, would generate approximately 63,000 USD in SOL-denominated revenue daily.