Solana Treasury’s Holdings Soar to $263 Million Amidst Market Growth

Solana-focused DeFi Development Corp., a publicly traded digital asset treasury, has seen its holdings of SOL surge to an estimated $263 million. This growth follows the company’s recent acquisition of 110,000 SOL tokens for approximately $22 million at an average price of $201.68 per token. The company currently holds approximately 1,420,173 SOL and SOL-equivalent assets, including staking rewards and on-chain yields. Despite a brief dip in Solana’s market value to around $184 as of midday Friday, the firm’s continued accumulation of SOL reflects its commitment to maximizing returns.