Solana Treasury firm DFDV added 47,700 SOL to its holdings last week.
53 minutes ago
Solana treasury firm DeFi Development Corp. (Nasdaq: DFDV) announced that it has added roughly 47,706 SOL tokens since September 21, bringing its holdings of SOL and equivalent assets to around 2.538 million SOL, with a total value of approximately $309 million, up about 2% from last week. Since releasing its second-quarter earnings on August 12, DFDV has cumulatively added more than 226,000 SOL tokens, growing its holdings by roughly 10%. The company stated it will continue expanding its SOL reserves through purchases, staking, and validator node operations, and will use the recently established $300 million CHAD ATM financing facility to support further acquisitions. Additionally, DFDV noted that its Nasdaq-listed variable-rate preferred stock CHAD currently carries an annual dividend yield of 13%, and the company plans to use revenue generated from SOL staking and validator node operations to fund these CHAD dividends.
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