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DeFi Development Adds 86,307 SOL, Lifting Treasury to 2.20 Million Tokens

The Nasdaq-listed firm is deploying recent equity proceeds into SOL it plans to stake long term to generate validator yield.

Defi dev corp adds 86,307 sol to its expanding $426m treasury
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Defi dev corp boosts solana holdings to $426 million

Overview

  • The company bought 86,307 SOL at an average $110.91, bringing total SOL and equivalents to 2,195,926 worth about $426 million.
  • Management says the new tokens will be held long term and staked across multiple validators, including the firm’s own infrastructure.
  • As of Oct. 15, reported SPS is 0.0760 with 28,888,178 shares outstanding, and remaining 2,978,578 warrants would lift the adjusted share count to roughly 31.9 million.
  • The company stated it does not expect SPS to fall below 0.0675 after full warrant impact as it continues to deploy equity-financing proceeds into additional SOL purchases.
  • Shares closed 7.28% lower on Oct. 15 despite the treasury update, while international expansion efforts include launching DFDV JP with Superteam Japan.