The newly acquired tokens will be held long-term and staked across various validators, including DeFi Development's own Solana infrastructure to generate native yield.
Solana News
DeFi Development Corp has announced the acquisition of 196,141 Solana at an average price of $202.76, bringing total holdings to 2.03 million tokens worth $409 million at current prices. The Nasdaq-listed company continues expanding its Solana treasury strategy.
The newly acquired tokens will be held long-term and staked across various validators, including DeFi Development's own Solana infrastructure to generate native yield. The company adopted its Solana treasury policy in April after rebranding from Janover.
Current holdings translate to 0.0793 SOL per share based on 25.57 million outstanding shares. This metric serves as a valuation tool for Solana treasury companies, linking share price to underlying cryptocurrency exposure.
The company operates validator infrastructure, generating staking rewards and fees from delegated stake. This dual approach combines passive holding with active participation in the Solana network's consensus mechanism.
Pre-paid warrants from recent equity financing aren't included in current share calculations. Including these warrants would adjust the share count to approximately 31.4 million, affecting the SOL per share ratio accordingly.
DeFi Development expects SOL per share won't fall below the pre-financing level of 0.0675, even after full warrant impact. The company plans to deploy the remaining cash proceeds from equity financing into additional Solana purchases.
Beyond cryptocurrency treasury operations, the firm runs an AI-powered platform providing data and software subscriptions to commercial real estate industries. The company recently launched a U.K. extension and has five additional vehicles in development.
Solana traded down 3.5% to $202.90 while DFDV shares fell 7.6% to $15.21. Recent reports indicate Nasdaq has tightened scrutiny of companies raising cash specifically for cryptocurrency purchases, potentially affecting future treasury strategies.
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