DeFi Corp. Expands Solana Holdings by 29% with $77 Million Investment

DeFi Development Corp. has significantly increased its commitment to the Solana blockchain, purchasing an additional 407,247 SOL worth roughly $77 million. This acquisition boosts their total holdings to over 1.83 million SOL, solidifying their position among the largest institutional Solana investors. The company’s recent equity raise provided funds for this expansion, leaving a further $40 million earmarked for future purchases.