DeFi Development Corp. has purchased an additional 110,466 Solana Tokens at a medium price of $166.61, raising the total holdings to over 1.2 million SOL.
The company currently owns approximately 1,293,562 SOL and equivalent assets, increasing by 9% previously, with a total market capital reaching nearly $209 million. The newly purchased Tokens will be held long-term and participate in Staking to generate income.
- DeFi Development Corp. purchased 110,466 SOL at a medium price of $166.61/Token.
- Total SOL holdings currently reach approximately 1,293,562, increasing 9% compared to before.
- New Tokens will be stored long-term and Staking for profit.
How many Solana Tokens did DeFi Development Corp. purchase and at what value?
DeFi Development Corp. announced the purchase of 110,466 Solana Tokens (SOL) at a medium price of $166.61/Token, with a total value of nearly $18.4 million.
This price aligns with the Solana market trend during that period. Through this move, the company demonstrates its commitment to expanding its cryptocurrency portfolio by increasing SOL holdings in the context of Solana Blockchain's high development potential.
Currently, how many SOL does DeFi Development Corp. own and what is the market capital of these assets?
The company is managing approximately 1,293,562 SOL Tokens along with equivalent assets, equivalent to a market capital of around $209 million.
The 9% increase in SOL compared to the previous month reflects a stable growth strategy and optimization of digital asset portfolio. This also helps raise the SOL per Share (SPS) index to 0.0618, an increase of 7% from the previous month, reinforcing confidence in long-term investment effectiveness.
What is the purpose of purchasing additional SOL and how will it be used?
DeFi Development Corp. is committed to holding the newly purchased SOL Tokens long-term and using Staking to generate stable profits from these assets.
This move not only helps leverage the benefits of Token holding but also increases passive income through Staking, while contributing to consolidating liquidation and the role of SOL in the increasingly developing DeFi ecosystem.
Increasing SOL holdings and Staking demonstrates confidence in Solana's long-term potential as a leading Blockchain platform.
Cryptocurrency Financial Expert, August 2023
Frequently Asked Questions
How many times has DeFi Development Corp. invested in SOL this year?
The company has made at least one significant SOL purchase with 110,466 Tokens, raising total holdings to over 1.2 million.
What is the total market capital value of SOL held by the company?
What are the benefits of SOL Staking for DeFi Development Corp.?
Helps generate passive income from Tokens, while supporting security and growth of the Solana platform.
Will the newly purchased SOL be traded immediately or held long-term?
The new Tokens will be held long-term and participate in Staking, not sold immediately on the market.
What does the SOL per Share (SPS) index reflect?
SPS represents the ratio of SOL corresponding to each share, with a 7% increase showing the effectiveness of asset growth on a shareholder basis.
