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DeFi Development Nears 1 Million Solana In Treasury

July 22, 2025Updated:July 22, 2025No Comments3 Mins Read
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DeFi Development Nears 1 Million Solana In Treasury
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Nasdaq-listed agency DeFi Growth Corp is now only one token away from crossing 1,000,000 Solana in its treasury after its newest $198 million purchase.

In an announcement on Monday, DeFi Growth Corp stated its buy of 141,383 Solana (SOL) between July 14 and July 20 had grown its treasury to 999,999.

The current acquisition included spot purchases, discounted locked SOL, and 867 tokens earned by staking, validator income, and “different onchain exercise,” in accordance with DeFi Growth Corp.

“All newly acquired SOL is being staked instantly, incomes native yield whereas serving to safe the Solana community,” the agency stated in an X publish on Monday.

DeFi Development Nears 1 Million Solana In Treasury
Supply: DeFi Growth Corp

DeFi Growth Corp’s newest Solana acquisition got here on Sunday and has already paid off as of Monday, with Solana leaping 12% to over $202, Nansen knowledge exhibits.

Within the final seven days, the token is up over 25%.

Extra purchases doubtless incoming

Month-to-date, DeFi Growth Corp stated it raised $19.2 million in web proceeds by issuing 740,000 shares of widespread inventory. The corporate stated it nonetheless had $5 million obtainable for future SOL purchases.

At present costs, $5 million may buy at the very least one other 24,752 SOL.