DeFi Development buys 19,000 SOL, treasury hits 2.33M

DeFi Development Corp. resumed Solana purchases on Aug. 27, acquiring approximately 19,000 SOL at an average price of $98.14. Summary DeFi Development acquired approximately 19,000 SOL at an average price of $98.14 per token Thursday. The purchase expanded DFDV’s treasury to approximately 2.33 million SOL and equivalent holdings combined overall. ZeroStack divestment proceeds partially funded the purchase, while acquired SOL will enter staking infrastructure operations. DFDV shares rose after the announcement while Solana remained volatile across broader cryptocurrency markets Friday. Management based its liquidity and outperformance comparisons on publicly available market data, not audited results. The transaction cost about $1.86 million based on the figures disclosed by the Nasdaq-listed company. The purchase expanded the DeFi Development SOL treasury to approximately 2,333,432 SOL and SOL equivalents. That was about 21,909 more than the 2,311,523 SOL and equivalents reported in the company’s Aug. 12 business update. 1/ Let the $SOL accumulation resume! 🟠Today, we announce that we've acquired ~19K $SOL, bringing treasury holdings to ~2.333M SOL.Quarter-to-Date:🔸 $SOL beat Nasda...