According to Mars Finance and The Block, DeFi Dev Corp. (stock code: DFDV) purchased $77 million worth of SOL tokens at an average price of $188.98 per token. DeFi Dev Corp's balance sheet holds 1,831,011 shares of Solana, an increase of 29% from the previous inventory. The company stated, 'The newly acquired SOL will be held long-term and staked to various validators, including DeFi Dev Corp's own Solana validator, to generate native yields.' According to a recent announcement, DeFi Development Corp estimates its token holdings can generate $63,000 in 'SOL-denominated income' daily.
In July, DDC completed $122.5 million in convertible debt financing.
