DeFi Development Corp (DDC) released a shareholder letter on Tuesday, revealing that the company currently holds more than 1.30 million SOL tokens, with a total value of nearly $250 million. The report shows that the company increased its holdings of 4,500 SOL in the first two weeks of August alone.
DDC's second-quarter financial data showed quarterly revenue of $1.98 million, up 395% year-on-year; net profit of $15.4 million, compared to a loss of $0.8 million in the same period last year. The company expects its validator and pledge business to achieve an annualized return of 10%, generating approximately $63,000 per day in SOL-denominated revenue based on current holdings.
DeFi Developmen currently holds 1.30 million SOL worth nearly $250 million
2025-08-13 00:59:28
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