DeFi Development has increased its position in Solana. It now holds over 2 million SOL tokens. Boom 🚀

On Friday, they bought a lot more. 196,141 SOL to be exact. They paid about $192 for each one. This increased their holdings by 11%.

Now they have SOL worth $390 million. They are the first to accumulate so much Solana. Their key metric, Solana per share, is at 0.0793. That's like $15 per share.

It seems they plan to hold onto their SOL for a good while. They will be staking with several validators. Even with their own. They want to generate returns.

They did not include some recent orders in these numbers. The adjusted share count is about 31.4 million. They will probably update this soon.

Oh, and they are expanding to the United Kingdom. They will launch DFDV UK. They will have about a 45% stake. They say this could increase their SPS over time. They have five other projects in the works.

Their CEO, Joseph Onorati, is excited. He says it is an important milestone for them and for Solana globally.

The stocks of DeFi Development rose a bit. They closed at $15.36. They are now the leading treasury firm of Solana. They surpassed Upexi, which has about 2 million SOL.

Upexi is also growing. They raised $200 million and increased their SOL balance by 172%. They say they are generating value for their shareholders.

It seems that interest in crypto treasury is still growing. Many companies are planning to raise funds to buy digital assets. It's crazy 🔥

Most are on the Nasdaq. DeFi Development, Michael Saylor's Strategy, Tom Lee's Bitmine Immersion, Upexi... Strategy and Bitmine Immersion are the largest in Bitcoin and Ethereum 🌕