CoinVoice recently learned that, according to 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 dollars. 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 show that the quarterly revenue was 1.98 million dollars, a year-on-year increase of 395%; the net profit reached 15.4 million dollars, compared to a loss of 800,000 dollars in the same period last year. The company expects its validator and staking business to achieve an annualized return of 10%, which, based on its current holdings, would generate approximately 63,000 dollars in SOL-denominated income daily.[Original link]