DeFi Development Soars 20% as Solana Holdings Top $100M With Latest Purchase

Quick Summary:

The Nasdaq-listed firm has accumulated 595,988 in Solana's SOL, worth nearly $105 million, in the month since its crypto pivot.

The firm recently laid out plans to raise $1 billion for acquiring SOL.

DeFi Development's updated per-share exposure now stands at 0.293 SOL or about $50.42 per share.

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Article Details

Category: Crypto

Markets: United StatesCuba

Topics: Solana News Markets Strategy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 14:02:44 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 295 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © CoinDesk

News ID: 28615812

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