DeFi Development posts $27M Q2 loss, halts SOL Treasury Accelerator

U.S.-listed DeFi Development (DFDV), which has been strategically accumulating SOL, announced a roughly $27 million second-quarter loss and halted its SOL Treasury Accelerator program for new transactions, CryptoSlate reported. During the period, net losses on digital assets totaled $21.519 million, compared with net income of $21.194 million a year earlier. The company is also cutting costs and repurchasing convertible notes at below face value. As of Aug. 12, DeFi Development held 2,311,523 SOL.