DeFi Development Corp Invests $23.6 Million in Solana, Boosting Market Performance

DeFi Development Corp., led by former Kraken executives, has made a strategic investment of $23.6 million in Solana (SOL). The company acquired 172,670 SOL at an average price of $136.81, raising their total holdings to 595,988 SOL valued over $100 million. This acquisition aligns with the firm’s shift towards a digital asset treasury strategy focused on Solana’s blockchain technology.