DEFI DEVELOPMENT CORP strikes almost 1m ground – and they have not yet finished

• Defu Development Corp now holds 999,999 soil after a purchase of $ 198 million – just unless the 1m bar.
• Sol has jumped 12% just after purchase, with 25% gains in last week; The company still has $ 5 million for future purchases.
• The CEO says Solana volatility and yield Ideal meeting for their cash strategy – does not expect them to diversify anytime soon.

The Development Development Corp, listed in Nasdaq, has just dropped a fat of 198 million dollars to pick up more Solana – and now they are sitting at a fairly wild step: 999,999 soil in their treasure. Just one more token and they break a million.

Between July 14 and 20, the company picked up 141,383 soilAccording to a statement, they abandoned on Monday. Part of this came from purchases of spots, others from locked tokens at reduced prices and a small tranche –867 Sol– Was won thanks to awards from Validator, a marking and a little other onchain stuff they did not specify.

“All the newly acquired soil are immediately put to the job,” said the company on X. They added that it was not only a question of yield – it is also a question of helping to secure the network. Classic PR line? Maybe. But hey, marrying = yield = mathematics that works.

Solana pumped just after purchase

Just a day after Defu Development Corp did its last seizure, Sol jumped 12% to pass the past $ 202According to Nansen data. Not at all the timing. In fact, Solana is in place 25% in last weekThis makes this cash stacking strategy even more intelligent.

The company says that it raised $ 19.2 million this month by issuing 740,000 shares ordinary actions. They still have $ 5 million for more purchases, so this stage has a million soils? Yeah, they’re going to breathe right in front of that.

At current prices, this five millet leads you About 24,752 soilgive or take some volatility. And given the way soil has been traveling lately, they may want to move quickly.

Why Solana? The CEO says it’s a question of volatility

In a recent Think crypto Podcast episode, CEO of Defe Development Corp Joseph Onorati It is clear: they do not touch any other crypto – at least no soon.

He explained that the whole strategy revolves around the integrated floor yield and its roller coaster. “Volatility is monetized for the benefit of shareholders,” he said, appealing to the key to their convertible debt strategy. Basically: Wild Price Action = $$$, if you know how to work it.

Oh – and a little background: this company was JanuaryA mortgage platform that used AI to match borrowers and lenders. Total pivot, right? Their first floor purchase was 2,858 tokens in April. And now, well … let’s just say they have extended.

Everyone wants a piece of Solana now

DEFI DEVELOPMENT CORP is not the only one to stack soil. Bitcoin mining firm Bite mining lifts up to $ 300 millionTo build his own Solana treasure. It was announced on July 10.

And in June, a Hong Kong company Memmettegy Make the headlines when he became the first HK company listed on the stock market to invest in Solana. Their stock has enriched 28.5% After picking up 2,440 soil And is committed to helping to develop the ecosystem.

Despite the crypto splash, the actions of Defi Development Corp did not obtain the memo. He actually fell 3.65% Monday at $ 23.52 – but it fell back a little after the hours $ 24.55. Maybe the market has not yet understood.

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