Solana in USD $ 150 when a company increases its Sun Treasury to almost USD $ 100 million

By Hannah Pérez

DEFI DEVELOPMENT CORP, a public company in the US, brought its sun holdings to USD $ 98 million after its last purchase. Sol finds support around USD $ 150 after an earlier.

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• Defelopment Corp brought its sun holdings to USD $ 98 million.
• It is identified as the first public company to create Solana Treasury strategy.
• Other companies that quote on the stock market also invest in Sol.
• The sun’s price stabilized in USD $ 151 in the middle of the ad and after jumping to USD $ 156.

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Solarium (Sun) is being negotiated around USD $ 150 this Thursday, just when this company announces a new investment in the cryptocurrency for its strategic treasury.

The public company DEFI DEVELOPMENT CORPbased in Florida, is strengthening its treasury of Solarium With a fresh investment for approximately USD $ 2.72 million, according to a press release published today.

DEFI DEVELOPMENTwhich quotes its actions in Nasdaq and previously known as Janoverpivoted in April towards a Sun Treasury strategy with plans to accumulate in the long term and perform staking (bet or participation) to obtain additional benefits.

The company revealed on Wednesday that it had achieved a Private placement for 112.5 million dollars to partially finance additional sund purchases. This after previously raised USD $ 42 million in financing and achieved a credit line of USD $ 5,000 million with Capital RK For your accumulation plan.

As part of its last financing round, DEFI DEVELOPMENT USD reserved $ 75.6 million dollars of net income to finance a transaction for purchase of shares “Term Prepaid “which will absorb part of the risk for Buyers of convertible DDC tickets, reported The Block. The remaining funds will be used for corporate operations and sun purchases.

A total of 17,760 Sol were added to the company’s balance on Thursday, at an average purchase price of USD $ 153.10 per Token, according to the official statement. From the purchase, the firm maintains approximately 640,585 sun and sun equivalents, valued at approximately USD $ 98.1 million, including rewards for betting.

“The Sun bought more recently will remain in the long term and will bet on a variety of validators, including the solana validators of Defi Def Corp. to generate native performance”said the company.

Sol finds support in USD $ 150

The movement represents an important vote of trust for the ecosystem of Solarium. DEFI DEV CORP It has been identified as the first public company to make Solarium The centerpiece of its treasury strategy.

In addition to accumulating and betting Sol, the company also actively participates in decentralized finances (defi) opportunities and participation in the ecosystem of Solarium. The company’s treasury strategy offers shareholders direct economic exhibitions to Token and at the same time support the development of the application layer of application Solarium.

The shares rose 16% on Thursday to USD $ 23.8 at the time of edition in the middle of the ads, accumulating an increase of 2,700% in the last 6 months, according to data from Google Finance.

DEFI DEV CORP It is one of the various companies that follow an acquisition and participation strategy of Solariumtogether with Sol Strategies, UPEXI and Classover Holdings in the midst of a broader trend of corporations to establish cryptocurrency treasures. Most have opted for Bitcoin Replicating the investment model of Strategy.

Sun, native cryptocurrency Solariummark a price of USD $ 151.7 with a slight increase in the last 24 hours and accumulated profits of 7% in the week, according to Coinmarketcap. Hours before, its price rebounded to the USD $ 156.

The news comes a day after the successful launch of the first ETF of Solarium with Staking In the US.

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Hannah Estefanía Pérez / Diariobitcoin

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