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DeFi Development Corporation Adds $9.9M in Solana to Treasury
JNVRJanover (JNVR) Newsfilter·2025-04-23 18:00

Core Viewpoint - DeFi Development Corporation has strategically acquired approximately 65,305 Solana (SOL) tokens, increasing its total holdings to about 317,273 SOL, valued at 48.2million,whichincludesstakingrewards[1][8].Group1:AcquisitionDetails−TherecentpurchaseincludeslockedSOLsourcedviaBitGo′sOTCdesk,allowingthecompanytoacquiretokensbelowmarketpriceswhilealigningwiththeSolanaecosystem[1][3].−LockedSOLreferstotokensundercontractualrestrictionsthatcannotbetransferredon−chainuntiltheirunlockperiodexpires,butcanbetradedover−the−counter[2].Group2:TreasuryPolicy−ThecompanyhasadoptedatreasurypolicythatallocatesitsprincipalholdingintreasuryreservestoSolana(SOL),providinginvestorsaccesstotheSolanaecosystem[4].−ThetreasurypolicyaimstooffereconomicexposuretoSOLinvestmentforinvestors[4].Group3:FinancialMetrics−TotalSOLheldbythecompanyis317,273,valuedatapproximately48.2 million, which includes staking rewards [1][8]. Group 1: Acquisition Details - The recent purchase includes locked SOL sourced via BitGo's OTC desk, allowing the company to acquire tokens below market prices while aligning with the Solana ecosystem [1][3]. - Locked SOL refers to tokens under contractual restrictions that cannot be transferred on-chain until their unlock period expires, but can be traded over-the-counter [2]. Group 2: Treasury Policy - The company has adopted a treasury policy that allocates its principal holding in treasury reserves to Solana (SOL), providing investors access to the Solana ecosystem [4]. - The treasury policy aims to offer economic exposure to SOL investment for investors [4]. Group 3: Financial Metrics - Total SOL held by the company is 317,273, valued at approximately 48.2 million [8]. - The total shares outstanding are approximately 1.5 million, resulting in a SOL per share (SPS) of 0.22, valued at $32.88 per share, with a 40% growth in SPS compared to the last purchase [8].