DeFi Development buys 47,706 more SOL, holdings rise to 2.54 million

Nasdaq-listed SOL treasury company DeFi Development, ticker DFDV, said it added about 47,706 SOL after Sept. 21, bringing total holdings to 2,538,010 SOL worth $309 million. The holding increased about 2% over the past week and by more than 226,000 SOL, or around 10%, since the company’s second-quarter earnings release on Aug. 12. The company said it uses its SOL holdings for staking and for operating its own validator to generate additional SOL and fee income.