Solana Investment Boost: DeFi Development Acquires Massive Stake

DeFi Development, a company with roots in real estate software now listed on Nasdaq, has made a substantial investment in the Solana blockchain. The firm recently acquired an additional 172,670 SOL coins, bringing its total holdings to 595,988 SOL, valued at $102.7 million. This significant purchase represents another strategic shift for the company as it focuses on bolstering its Solana investments, which cost approximately $23.6 million at an average price of $136.81 per SOL. This move is aligned with DeFi Development’s recent $24 million private fundraising round dedicated to Solana-centric strategies.