Solana Treasury Company Defi Development Corp bought $ 39.76 million worth of Solana, which brought the SOL company total handling to 2 million.
The company Nakasa said On Thursday it bought 196,141 Solana (Sol) at an average price of $ 202.76 per token with staking in staking the soli to produce yield.
The company has bought $ 77 million of Solana only last week, on August 28th, this same day $ 125 million Equity Raise is set to close.
After the latest acquisition, the Sol Treasury of the Defi Development Corp holds more than 2.02 million Sol, worth more than $ 412 million, Double the value It had on July 21.
Related: Solana Treasury breed is eating as companies hunt rewards
Dfdv stock price dips
Shares of the Defi Development Corp (DFDV) ended Thursday’s trading at $ 15.21, a decline of 7.59%. However, the stock saw some breaks, as it increased by almost 1% to close the trading session after time to $ 15.36, According to In Google Finance.
The stock reached 1,710% year-to-date, but still dropped almost 57% from May 22 high $ 35.53.
During the June quarter, the company reported its income reached 350% year-year, while the Net Profit Margin reached 525% at the same time.
In June, the analysts in Cantor Fitzgerald initiated Defi Development Corp covers, which assigned DFDV with a “overweight” rating with a price target of $ 45.
Solana’s fastest owner to reach $ 100 billion market capitalization
Crypto Asset Manager Bitwise Asset Management Na -Post Solana has achieved $ 100 billion milestone in market capitalization in less than five years.
Solana has exceeded tech giant such as Google and Meta, which lasted seven and nine years, respectively, to achieve the milestone.
Solana went up 26.2% in the past 30 days and 54.5% in the last year, According to In coingecko.
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