DeFi Dev Corp Don Near 1M SOL Treasury, Dey Boost Solana Staking
DeFi Dev Corp don pile up 999,999 SOL for im treasury after dem buy 141,383 SOL from July 14–20 at average price of $133.53, wey bring im holdings reach over $200 million. The company raise $19.2 million by issuing 740,000 shares and stake all new SOL through im own validator nodes, dem make 867 SOL (~$156,000) for one week. The SOL per share metric climb 13% to 0.0514 SOL per share (~$9.30), and dem keep $5 million for dry powder for about 24,000 more SOL. Meanwhile, Upexi buy 100,000 SOL for $17.7 million on July 17, wey raise im total to 1,818,809 SOL (~$367 million), with half of am buy for discount inside locked form, dem generate about $94.7 million unrealized gains. These equity-funded, volatility-driven treasury strategies show say institutional demand for Solana staking and heavy SOL accumulation dey grow.
Bullish
Big big SOL acquisition and active staking by big institution them like DeFi Dev Corp and Upexi show say demand for Solana strong, e reduce the selling pressure and e increase staking yield. For short term, steady buying fit raise SOL price as supply dey tight. For long term, continued institutional staking dey hold tokens and e show say dem get confidence for Solana network, e make bullish outlook strong.