The company listed at the Nasdaq Defu Development Corp is now only a token to cross a million Solana in its treasure after its last purchase of 198 million dollars.
In a statement on Monday, Defu Development Corp said that its purchase of 141,383 Solana (ground) between July 14 and July 20 had passed its treasure at 999,999.
The recent acquisition included cash purchases, a soil locked at reduced prices and 867 tokens won thanks to the featured settling, the income of the validators and “other onchain activities”, according to Defi Development Corp.
“All the newly acquired soil are being set up immediately, winning an indigenous yield while helping to secure the Solana network,” said the firm in a Post X on Monday.
The last acquisition of Solana de Defi Development Corp came on Sunday and already paid on Monday, with Solana jumping 12% to more than $ 202, according to Nansen data.
Over the past seven days, the token has increased by more than 25%.
No more purchases probably incoming
Update months, Defu Development Corp said it has raised $ 19.2 million in net product by issuing 740,000 ordinary shares. The company said it had $ 5 million available for future soil purchases.
At current prices, $ 5 million could buy at least 24,752 other soil.
In an episode of June 25 of the Crypto Thinking Podcast, the president and chief executive officer of Defi Development Corp, Joseph Onorati, said that society did not intend to extend to another crypto in “a predictable future”.
He added that they had chosen Sol for the Treasury because of its indigenous performance and volatility, which, according to him, is “the key ingredient” to the success of the treasury strategy companies because “ultimately, volatility is monetized for the benefit of shareholders via the financing of the convertible debt”.
In relation: Treasury soil expansion lance led by franchises with Kraken, Pantera support
Development Corp, formerly Janover, was mainly a real estate financing company that used an online platform powered by AI connecting lenders and buyers of commercial properties. The form made its first ground purchase of 2,858 tokens on April 8.
The last acquisition and the Solana rally failed to increase the price of Defament Corp Development Actions which dropped by 3.65% on Monday to negotiate $ 23.52. However, he recovered slightly in hours after working hours at $ 24.55.
Other companies also create Solana vouchers
The Bitcoin extraction company, Bit Mining, announced on July 10 that it made a strategic transfer in the Solana ecosystem, with plans to collect up to $ 300 million to build a Treasury of Token Solana.
Meanwhile, on June 16, the technological investment company Memmettegy climbed 28.5% after having become the first company listed on the stock market in Hong Kong to invest in Solana, to take 2,440 tokens and to undertake to support the wider Solana ecosystem.
Review: Solana “will be a billion of dollars”: Mert mumtaz, x Hall of Flame
