DeFi Development Corp. Increases Solana Holdings to $371 Million

DeFi Development Corp., a Nasdaq-listed company, has significantly increased its Solana holdings through a strategic equity raise. The company acquired an additional 407,247 SOL tokens, totaling 1.83 million, for approximately $77 million. This acquisition values the company’s Solana holdings at $371 million, marking a major development in their investment strategy. 47.6% share dilution is anticipated as a result of this transaction. This move aligns with DeFi Development Corp.’s commitment to boosting asset value and strengthening its ecosystem through Solana.