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Decentralized Finance Development increased holdings of 170,000 SOL
Odaily News DeFi Development Corp, a publicly listed company in the U.S. (formerly known as Janover), announced the purchase of 172,670 SOL at an average price of $136.81, for a total value of approximately $23.6 million. After the transaction, the total holdings increased to 595,988 SOL. This is the largest acquisition of SOL tokens by DeFi Development Corp to date and marks the tenth purchase under its digital asset treasury strategy. The newly acquired SOL will be held long-term and staked to multiple verification nodes, including the company's own SOL verification node to generate revenue.