DeFi Dev Corp Boosts Solana Holdings by 29%, Securing $317 Million Treasury

DeFi Development Corp. has significantly expanded its Solana investment, injecting an additional $77 million into the cryptocurrency through a recent equity raise. This move brings their total holdings to a robust 1.83 million SOL tokens, valuing their treasury at approximately $317 million. The company’s strategy involves actively staking these tokens across various validator networks, with a portion dedicated to its own infrastructure, to generate passive income through network rewards. This approach transforms the investment from a mere speculative asset into a productive revenue stream for the company.