NASDAQ-listed DeFi Development Corp (ticker: DFDV) has announced that it has become the first publicly traded company to invest in Solana Liquidity Staked Token (LST), which will use LST technology developed by Sanctum to invest a portion of its SOL holdings in dfdvSOL, a liquidity staked token entrusted to DeFi Dev Corp. validators, representing the underlying staked SOL assets and the accumulated staking rewards.
Previously reported, on May 12, DeFi Development (DFDV) announced the purchase of 172,670 SOLs at an average price of $136.81, with a total value of $23.60 million, its largest purchase since it switched to crypto last month. The Florida-based company currently holds 595,988 SOLs, worth nearly $105 million at current prices.
DeFi Development Becomes First Public Company to Invest in Solana Liquidity Pledged Token
2025-05-29 02:04:40
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