Oh, darling, DeFi Dev Corp is at it again! 🕶️ While you were busy doom-scrolling, they’ve been quietly stacking SOL like it’s going out of fashion. Because, let’s face it, who needs a rainy day fund when you can have a $426 million SOL treasury? 💰✨
Apparently, short-term price fluctuations are just a blip in their Bridgerton-level drama of a strategy. 🌪️ “Methodically increase its SOL position,” they say. Aka, they’re playing the long game while we’re all over here stressing about our gas fees. 😅
- 💸 Snagged 86,307 SOL at $110.91 each-because why not? Treasury’s now worth $426 million. Casual.
- 📈 Nasdaq’s golden child keeps throwing equity financing at Solana like it’s confetti at a Kardashian party.
- 🍣 Teamed up with Superteam Japan to launch DFDV JP-Solana’s first treasury party in Tokyo. Sushi and staking, anyone?
According to a press release dated Oct. 16 (yes, they’re still using press releases in 2023-adorable), DeFi Dev Corp has doubled down on its “unique corporate strategy” by grabbing 86,307 Solana tokens. 🛍️ Because nothing says “we’re serious” like dropping $9.5 million on a meme coin-I mean, blockchain powerhouse.
The tokens, bought at a cool $110.91 each, bring their total SOL stash to 2,195,926. That’s $426 million in today’s money, honey. And what’s their plan? Stake it, baby! Across validators, their own infrastructure-basically anywhere they can squeeze out some yield. 🤑
Building a Treasury That’s More Extra Than Your Ex
This 4.7% bump in holdings? Just another Tuesday for DeFi Dev Corp. 🥱 Meanwhile, they’re still riding high on that equity financing round, proving their backers are either geniuses or just really, really optimistic. 🤷♀️
Founded by ex-Kraken folks (so they know a thing or two about crypto drama), they’ve built a validator empire that’s now staking for themselves and their fancy clients. Oh, and they’re in the top 5 public SOL holders, right behind the big boys like Galaxy and Jump Crypto. Not too shabby for a bunch of ex-exchange employees. 👏
But wait, there’s more! Just last week, they partnered with Superteam Japan to launch DFDV JP-Solana’s first treasury project in the Land of the Rising Sun. 🇯🇵 Because if you’re not expanding into one of the world’s most regulated markets, are you even trying?
Superteam Japan’s already BFFs with Minna Bank and Fireblocks, so this is basically the crypto equivalent of a power couple. 💑 Solana in Japan? Now that’s a plot twist even Bridget Jones wouldn’t see coming. 🍜🚀
Read More
- DOT PREDICTION. DOT cryptocurrency
- Brent Oil Forecast
- GBP CNY PREDICTION
- SEI PREDICTION. SEI cryptocurrency
- Gold Rate Forecast
- SOL PREDICTION. SOL cryptocurrency
- LTC PREDICTION. LTC cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- USD KZT PREDICTION
- USD CLP PREDICTION
2025-10-16 23:52