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Major Company Continues to Purchase Large Amounts of This Altcoin: Here’s the Total Amount It Holds

By: cryptosheadlines|2025/05/07 14:30:03
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com DeFi Development Corp., known as a real estate software company but recently turning to a Solana-focused treasury structure, announced that it purchased 82,404.50 Solana (SOL) worth approximately $11.2 million.According to the company’s statement, with this transaction, total SOL assets reached 400,091 units, and the current market value of these assets is approximately $58.5 million.DeFi Development Corp.’s current SOL position and per share fundamental data as of May 6, 2025 are as follows:Total SOL Assets: 400,091Total SOL Value: Approximately $58.5 millionTotal Number of Shares in Circulation: 2,001,887SOL Per Share (SPS): 0.199The company noted that some of the purchased SOLs were acquired through BitGo’s OTC desk. This channel includes purchases from institutional sellers that are subject to time-bound unlocking schedules. DeFi Development Corp. explained that the coins obtained in this manner will be held long-term and staked to generate local yields.The company, previously known as Janover, rebranded and shifted to a cryptocurrency-focused structure after former Kraken executives acquired a majority stake on April 22.*This is not investment advice.Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!Source link

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