🚀 Solana Whale Move: DeFi Development Corp Boosts $SOL Treasury to $250M
DeFi Development Corp. (DFDV) has officially become one of the largest SOL holders, now controlling 1.3 million tokens valued at nearly $250M. In just the first half of August, the firm scooped up another 4,500 SOL, signaling strong conviction in Solana’s future.
CEO Joseph Onorati revealed in a shareholder letter that SOL Per Share (SPS) climbed 47% since June, with July marking one of their fastest growth periods ever — raising $165M in net capital and boosting SPS by 34% MoM.
Unlike Bitcoin-focused treasury plays, $DDC emphasizes Solana’s productivity via staking rewards. With an Annualized Organic Yield (AOY) of 10%, the firm earns an estimated $63K/day in SOL rewards from its validator and staking operations.
Q2 results showed $1.98M revenue (up from $400K YoY) and $15.4M net income, alongside major validator network expansions and community staking programs — even for Solana-based memecoins like Dogwifhat.
$DFDV surged 18% during regular trading to $17.84, then gained another 6% after hours, reflecting investor enthusiasm for its aggressive Solana accumulation strategy.
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