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BitcoinSistemi 2025-05-07 06:09:06

Major Company Continues to Purchase Large Amounts of This Altcoin: Here’s the Total Amount It Holds

Major Company Continues to Purchase Large Amounts of This Altcoin: Here’s the Total Amount It Holds

DeFi Development Corp., known as a real estate software company but recently turning to a Solana-focused treasury structure, announced that it purchased 82,404.50 Solana (SOL) worth approximately $11.2 million. According to the company's statement, with this transaction, total SOL assets reached 400,091 units, and the current market value of these assets is approximately $58.5 million. DeFi Development Corp.’s current SOL position and per share fundamental data as of May 6, 2025 are as follows: Total SOL Assets: 400,091 Total SOL Value: Approximately $58.5 million Total Number of Shares in Circulation: 2,001,887 SOL Per Share (SPS): 0.199 Related News: Two Mysterious BTC Whales Who Bought Bitcoin Below $1,000 Have Woken Up - Here's What We Know The company noted that some of the purchased SOLs were acquired through BitGo’s OTC desk. This channel includes purchases from institutional sellers that are subject to time-bound unlocking schedules. DeFi Development Corp. explained that the coins obtained in this manner will be held long-term and staked to generate local yields. The company, previously known as Janover, rebranded and shifted to a cryptocurrency-focused structure after former Kraken executives acquired a majority stake on April 22. *This is not investment advice. Continue Reading: Major Company Continues to Purchase Large Amounts of This Altcoin: Here’s the Total Amount It Holds

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