DeFi Development Corp. has just announced the purchase of an additional 110,000 SOL Tokens with a total value of approximately 22 million USD, raising the total number of Tokens held to over 1.42 million SOL.
The company focuses on long-term holding and staking of newly purchased SOL, while operating a Node Validator on the Solana network to generate continuous revenue from on-chain activities.
MAIN CONTENT
DeFi Development Corp. purchased 110,000 SOL at an average price of 201.68 USD/Token.
The total SOL Tokens held increased by 9%, reaching over 1.42 million with a market capitalization of approximately 273 million USD.
The company stakes the newly purchased Tokens and operates a Node Validator on the Solana network.
How many SOL Tokens has DeFi Development Corp. purchased and at what value?
DeFi Development Corp. purchased 110,000 SOL Tokens at an average price of approximately 201.68 USD each, equivalent to a total value of about 22 million USD. This is part of the strategy to increase the company's cryptocurrency asset ownership.
Purchasing Tokens at this price reflects confidence in the growth potential of the Solana ecosystem. This figure comes from an official report published and confirmed on Nasdaq, ensuring the reliability and transparency of the transaction.
How many SOL does the company currently own and what is its market value?
DeFi Development Corp. currently holds a total of approximately 1,420,173 SOL along with equivalents, an increase of 9% from before. The market capitalization corresponding to this amount is about 273 million USD.
Increasing the amount of owned Tokens helps the company enhance its position in the cryptocurrency market while reinforcing its reputation as a major and influential investor in the Solana community.
How does DeFi Development Corp. manage and utilize SOL after purchasing?
The company decided to hold the newly purchased SOL long-term and perform staking to generate additional passive income from the Tokens. They also operate a private Node Validator on the Solana network to support security and maintain blockchain operations.
Through staking and operating nodes, DeFi Development Corp. has increased revenue from on-chain activities while contributing to the decentralization and security of the Solana network.
Owning and staking SOL Tokens affirms our long-term commitment to the Solana ecosystem and the development trend of DeFi.
Quoted from a representative of DeFi Development Corp., 2024
Frequently Asked Questions
What is the purpose of DeFi Development Corp. buying SOL Tokens?
The main goal is to hold long-term and stake to create passive income, while operating a validator node to support the Solana network.
What is the current total number of SOL Tokens held by the company?
The company currently owns over 1.42 million SOL Tokens and equivalent, an increase of 9% compared to before.
What is the market price of the SOL that the company holds?
Market capitalization is approximately 273 million USD based on the current number of Tokens.
What role does the Node Validator play in the operations of DeFi Development Corp.?
Node Validator helps protect the Solana network and generate revenue from on-chain activities for the company.
What benefits does staking SOL bring to the company?
Staking helps the company receive rewards and adds value to the long-term held Tokens.
Source: https://tintucbitcoin.com/solana-nam-giu-142-trieu-sol/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!
