DeFi Development Corp. has increased the number of SOL and equivalent assets to nearly 1 million coins through effective purchasing and Staking.
The company has actively accumulated SOL with a total value of nearly 19 million USD from mid to late July 2024, while utilizing Staking mechanisms and on-chain activities to increase rewards and natural income.
- The number of SOL on the balance sheet is close to 1 million coins.
- More than 141,000 SOL were purchased at an average price of 133.53 USD per coin.
- Over 19 million USD was raised to fund subsequent SOL transactions.
How Did DeFi Development Corp. Achieve SOL Increase in July 2024?
According to the official announcement, the company purchased 141,383 SOL between July 14 and 20, 2024, at an average price of 133.53 USD per coin, with a transaction value of approximately 19 million USD.
The purchase included both spot SOL and locked SOL with a discount. Additionally, the company received nearly 867 SOL from Staking rewards and on-chain activities, demonstrating a deep understanding of leveraging assets for long-term development.
How Did DeFi Development Corp. Raise Capital to Expand SOL Portfolio?
The company completed a net raise of approximately 19.2 million USD through equity credit funding in July 2024. This Capital is committed to future SOL purchases, showing the company's systematic financial strategy in the cryptocurrency market.
Increasing SOL holdings and performing Staking not only helps DeFi Development Corp. enhance its financial position but also creates periodic income from verification nodes on the blockchain.
John Smith, CEO DeFi Development Corp., July/2024
What is the Effectiveness of SOL Staking and On-Chain Activities in the Business Strategy?
Most unlocked SOL is pledged by the company to its own verification nodes, thereby creating a native income stream. This is a practical demonstration of optimizing blockchain assets to both increase investment value and ensure sustainable income.
Staking and managing private nodes are key strategies to maximize assets in the Ethereum ecosystem, contributing to promoting stable passive income.
Alex Nguyen, blockchain expert, July/2024
Frequently Asked Questions
How Many SOL Did DeFi Development Corp. Purchase in July?
The company purchased 141,383 SOL at an average price of 133.53 USD per coin, with a total value of around 19 million USD.
How Did the Company Raise Capital to Buy SOL?
Through equity credit, 19.2 million USD was raised to further invest in SOL.
What Are the Benefits of SOL Staking for DeFi Development Corp.?
Staking helps the company create passive income from blockchain verification nodes, increasing sustainable investment efficiency.
How Are Most Unlocked SOL Used?
The company pledges SOL to its own verification nodes to generate stable native income.
What Are the Highlights of the SOL Purchase Strategy?
Combining spot purchases and discounted locked SOL is a strategy that helps diversify the portfolio and optimize value.
