Home›Crypto›Market Structure›DeFi Development adds about 22,070 SOL to portfolio

DeFi Development adds about 22,070 SOL to portfolio

The Nasdaq-listed Solana treasury company said total SOL holdings rose to roughly 2.59 million SOL, up 12% since its Aug. 12 earnings report.

Reported · Written up by our desk · Market Structure

DeFi Development Corp. said it added approximately 22,070 SOL and SOL equivalents over the past week, increasing total holdings to roughly 2.59 million SOL.

The Block reports that the companys SOL holdings are up 12% since its Aug. 12 earnings report, even as its shares fell about 21% over the past week.

DeFi Development also said its variable-rate perpetual preferred stock, CHAD, reached record trading highs during the week ended Oct. 9 despite a broader crypto market selloff.

In a release, CEO Joseph Onorati said short-term volatility has not changed the companys conviction to keep accumulating SOL.

More like this

Sources