DeFi Development Corp (DDC), a digital asset treasury firm with a strong focus on the Solana ecosystem, has added another major chunk of SOL to its portfolio.
The company recently confirmed it acquired 17,760 more SOL tokens, further expanding its already sizeable treasury.
With this new addition, DDC now holds over 640,000 SOL—currently valued near $96 million. The move comes on the heels of a substantial $112.5 million private fundraising round, which the firm says will help finance additional token acquisitions and cover operational needs.
Since its acquisition by ex-Kraken leadership in April, DDC has pivoted toward aggressive accumulation of Solana. A portion of the latest funding round—specifically $75.6 million—was earmarked for a prepaid forward share purchase structure designed to mitigate risk for convertible note investors.
According to the company, the latest buy averaged a price of $153.10 per SOL, totaling approximately $2.72 million. DDC also reported an updated “SOL per share” metric of 0.042 as of July 3, a figure the firm uses to benchmark the strength of its on-chain treasury relative to its equity valuation.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/this-company-just-bought-another-2-7m-in-solana-after-fresh-funding-round/