DeFi Development Corp. has witnessed a significant stock rally, surging another 17% after announcing its purchase of $2.7 million in Solana as part of its treasury strategy. The firm's stock price has skyrocketed 2,733% year-to-date, with its total Solana holdings now valued at nearly $98 million. The recent acquisition included 17,760 Solana tokens at an average price of $153.10 each, bringing the company's total to 640,585 SOL. DeFi Development Corp. plans to hold these tokens long-term and stake them for yield. Despite a recent net revenue decline of 30% year-on-year for the March quarter, investor sentiment remains strong. Additionally, the company is set to raise $112.5 million via private placements to support its treasury activities, including additional SOL purchases. This capital growth aims to maintain financial flexibility and protect against short-term liquidation risks, as noted in their recent shareholder letter.

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