Overview
- DeFi Development Corp. acquired 407,247 SOL at an average price of $188.98 for a total of about $77 million.
- The purchase lifts total holdings to 1,831,011 SOL, up from roughly 1.42 million prior to the transaction.
- The company plans to stake the new tokens across multiple validators, including delegations to its own validator infrastructure.
- Management reports Solana-per-share at 0.0864 and projects a fully diluted floor of 0.0675 after accounting for financing warrants.
- More than $40 million from the recent equity raise remains available for additional SOL purchases and treasury operations.