DeFi Development adds 101,381 SOL to treasury in one week

DeFi Development Corp., a NASDAQ-listed company, reported a significant increase in its treasury holdings in just one week. Since September 14, the company added approximately 101,381 SOL to its reserves, bringing the total to around 2,490,304 SOL and equivalents. This represents a substantial 4.24% growth in one week, according to a press release.

The expansion in treasury holdings is attributed to both SOL purchases and organic growth. The latest addition has expanded the company's treasury by over $10 million in a single week. Additionally, the company announced the exercise of the underwriter's over-allotment option in connection with its Variable Rate Series C Perpetual Preferred Stock initial public offering, which generated around $1.65 million in additional gross proceeds.

DeFi Development Corp.'s CEO, Joseph Onorati, stated that the company's stock continues to outperform SOL, and the company maintains a treasury policy allocating its principal holding in SOL. The company also operates an AI-powered platform connecting the commercial real estate industry.