๐ Solana-focused public company DeFi Development Corp ๐ค announced a strategic partnership with memecoin $BONK ๐ถ, part of the Solana ecosystem ๐.
๐ With this news, the companyโs stock price soared to new highs! ๐ Just before, they bought 16,447 $SOL ๐ช for ~$2.3M ๐ฐ, boosting their total SOL holdings to 609,190, worth ~$107M! ๐ธ
๐ค๐ค DeFi Development Corp & BONK will team up to run a validator node ๐ฅ๏ธ, increasing the stake & sharing rewards ๐. This is the first validator collab between a public company & a major community memecoin! ๐
๐ โWeโre thrilled to join forces with BONKโs vibrant community! Itโs a strategic move to support Solanaโs most dynamic group while growing our validator infrastructure,โ said Parker White, CIO & COO of DeFi Development Corp. ๐ฃ๏ธ
๐ The companyโs strategy? Generate revenue via validator businesses ๐ผ, stack more SOL ๐ช, & boost their SOL per share (SPS) ๐โa unique metric tracking Solana equivalent of shares for DFDV shareholders. ๐งฎ
โ ๏ธ Not investment advice. ๐ซ๐ธ
