DeFi Development Corp increased its Solana assets by 5 percent.

A recent notable development in the markets was made by DeFi Development Corp. (DFDV), which is listed on Nasdaq. The company purchased 86,307 Solana (SOL) worth 16 million dollars, increasing its assets by approximately 5 percent. This move once again highlights DeFi Development Corp.'s commitment to the Solana ecosystem.

With this purchase, DeFi Development Corp.'s total SOL holdings exceeded 2 million units. The current value of these assets is around 426 million dollars. According to a statement made on Thursday, the last purchase transaction was carried out at an average price of 110.91 dollars, while the current price per SOL share is noted at 14.67 dollars.

This value has decreased from 19.44 dollars with the 25 million shares in September. DeFi Development Corp, which owns a total of 28 million shares, attributes this decline to the recent drop in the price of Solana. Founded by former Kraken employees at the beginning of the year, DeFi Development draws attention as a crypto treasury company investing in Solana-based tokens. The company also offers staking and validator services, with Kraken exchange among its customers.

Currently, DeFi Development ranks as the fifth largest publicly traded Solana investor among the largest Solana treasuries. In addition, it is supported by significant companies such as Forward Industries (FORD), Galaxy Digital, Jump Crypto, and Multicoin Capital, with approximately 7 million SOL assets, placing it at the top of the list. This amount is more than the total of the other three major treasury companies combined.

This development once again emphasizes that institutional investors' interest in the Solana ecosystem has not waned. For investors, this situation indicates that they should closely monitor the performance of Solana and other resources. It should be noted that such developments in the crypto world present opportunities for investors.