The DeFi Development Corporation took advantage of the decline in #Solana, purchasing 65,305 SOL for $9.9 million. Now their portfolio holds 317,273 tokens worth over $48 million (considering staking).

Part of the new SOL was acquired through BitGo at a discounted price (locked, but generating passive income). The company's head, Joseph Onorati, explained that this is a beneficial strategy for increasing assets and strengthening positions in the Solana ecosystem, as well as for long-term investments.

At the time of the transaction, SOL was priced at around $148 (-1.7% for the day). However, analysts predict a possible recovery to $176 after the current market formation concludes.

This deal indicates the growing interest of institutions in the crypto market. #Solana remains attractive for long-term investments and development

DeFi. (About 950 characters)

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