DFDV’s Solana Holdings Soar to Over 2 Million Tokens Despite Share Decline

DeFi Development Corp (DFDV) has significantly expanded its Solana holdings, purchasing an additional 196,141 tokens worth $39.76 million in the past few days. This move brings total Solana holdings to over 2 million tokens, contributing to a substantial increase in DFDV’s crypto treasury. However, despite this expansion, shares of DFDV dropped by 7%, reaching $15.21 on Thursday. Market fluctuations and ongoing scrutiny from Nasdaq regarding crypto-related equity offerings are likely influencing the stock price.