DeFi Development Corp. announced the purchase of over 110,000 SOL for about $18.4 million, bringing its total holdings to 1,293,562 SOL, valued at over $215 million at current prices. The purchase is part of the firm's treasury strategy, which commenced in April, aimed at maximizing the growth of Solana per share. The funding for this acquisition came from cash reserves and a $5 billion equity line of credit. Following this announcement, DFDV shares increased by nearly 10%, reflecting a year-to-date growth exceeding 2,100%. The firm's goal is to enhance its Solana per share metric to 0.165 by June 2026 and achieve a 1.0 SPS by December 2028. Alongside its treasury efforts, DeFi Development Corp. is expanding its presence in the crypto sector by acquiring a Solana validator business and pursuing DeFi integrations. Despite a recent decline in SOL price, the firm's strategic actions have significantly benefited its shareholders, generating impressive gains since the start of the year.

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