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The Coin Rise 2025-07-03 20:30:59

DeFi Development Corp Expands Solana Holdings with Fresh Buy

DeFi Development Corp., a U.S.-listed fintech company focused on building a Solana (SOL) treasury, has announced a significant addition to its crypto reserves. On July 3, the firm confirmed it had purchased 17,760 additional SOL tokens. This brings DDC’s total Solana holdings to 640,585 tokens, valued at approximately $96 million at today’s prices. DDC Secures $112.5M to Boost Solana Strategy DDC recently raised $112.5 million in a private funding round to support the growth of its Solana plan. It was revealed that a significant portion of this new capital, approximately $75.6 million, will be allocated to a “prepaid forward” stock purchase agreement. This type of financial deal is designed to reduce risk for investors who hold DDC’s convertible notes. The remaining funds from the round will be used to purchase additional Solana and for general business operations. This funding round adds to DDC’s earlier capital efforts. Previously, the company raised $42 million and secured a $5 billion line of credit to support its expansion and crypto investments. DDC Shifts Focus to Solana After Leadership Change DeFi Development Corp. (DDC) began purchasing Solana in April 2025, shortly after it was acquired by former Kraken exchange executives. The new team is now focused on building a treasury comprised of proof-of-stake tokens, such as Solana. DDC’s latest Solana purchase was made at an average price of $153.10 per token. The total cost for this batch was about $2.72 million. As of July 3, 2025, the company says its “SOL per Share” ratio is 0.042. This indicates the proportion of Solana shares held by the company. At the time of writing, Solana is trading at $151.51, down by 0.06% in the last 24 hours, according to CoinMarketCap data. Notably, analysts revealed that Solana’s price chart is pointing toward the $200 mark . According to reports, a fresh breakout setup, in the form of a falling wedge pattern, is forming on the market chart. A New Kind of Corporate Treasury Strategy DeFi Development Corp. is one of several companies using crypto to build its treasury. Instead of holding cash or bonds, these companies are using digital assets to store value and generate additional income. Most public companies still prefer Bitcoin (BTC), but DDC is part of a growing group choosing tokens like Binance Coin (BNB) , Solana, and Ethereum (ETH). These tokens utilize a system called proof-of-stake, which enables holders to earn rewards by contributing to the network’s security. By holding and staking these tokens, DDC and others can earn regular income, along with any rise in token prices. Other firms using a similar strategy include SOL Strategies and Upexi, which also focus on buying and staking Solana. Together, they are part of a new trend where crypto treasury plans go beyond just Bitcoin. The post DeFi Development Corp Expands Solana Holdings with Fresh Buy appeared first on TheCoinrise.com .

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