BlockBeats News, May 29th, according to Globenewswire, Nasdaq-listed company DeFi Development Corp (stock code: DFDV) announced that it has become the first publicly traded company to invest in Solana Staking Tokens (LST). It will use LST technology developed by Sanctum to invest part of its SOL holdings in dfdvSOL. dfdvSOL is a liquidity staking token delegated to the DeFi Dev Corp. validator, representing the underlying staked SOL assets and accumulated staking rewards.
BlockBeats previously reported that on May 12th, DeFi Development (DFDV) announced the purchase of 172,670 SOL at an average price of $136.81, with a total value of $23.6 million. This is its largest purchase since transitioning to the crypto sector last month. The Florida-based company currently holds 595,988 SOL, valued at nearly $105 million at the current price.
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