📊 Solana (SOL) Market News:
DeFi Development Corp.:
Purchased 999,999 SOL tokens worth $181 million.
Aiming to reach 1 million tokens and increase SPS ratio to 1 by December 2028.
Other companies entering the Solana Treasury market:
BIT Mining plans to raise $200–300 million to convert its treasury to SOL.
Sol Strategies holds over 420,000 SOL and has applied for listing on Nasdaq.
NextGen Digital bought $1 million in Bitcoin as its first investment in cryptocurrencies.
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🔄 New market trend:
Major companies are starting to shift their treasury strategies from Bitcoin to altcoins like ETH, SOL, and XRP.
Significant rise in stock prices following these announcements.
Companies like SharpLink Gaming have become some of the largest holders of ETH globally.
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💡 Important point:
Despite the growing interest in altcoins, these investments remain high-risk compared to Bitcoin.
CoinMarketCap
