Solana treasury firm extends stock rally after buying $2.7M of SOL
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The company’s Solana stack is now worth almost $98 million. The firm’s stock price is up 2,733% year-to-date.
DeFi Development Corp. surged another 17% on Thursday after announcing it had purchased $2.7 million in Solana as part of its ongoing treasury strategy.
The stock price had already rallied the day before as the company released its business update for June, including plans to raise $112.5 million.
DeFi Development Corp on Thursday said it bought 17,760 Solana (SOL) tokens worth $2.72 million at an average price of $153.10 per coin. After the acquisition, the company’s Solana stack stood at 640,585 SOL, worth approximately $98 million.
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