Defi Dev Corp expands Solana Holdings with the purchase of $ 77 million, Sol PRICE GRUGES star-news.press/wp

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Defi Dev Corp expands Solana Holdings with the purchase of $ 77 million, Sol PRICE GRUGES star-news.press/wp

Defi Development Corp. increased. Solana Holdings through a new purchase of $ 77 million. As a result, the SOL price recorded in the current market shrinkage.

Defi Dev Corp adds to Solana Treasury

In a conversation press releaseDefi Development Corp (Nasdaq: DFDV) announced that it has expanded its shares by purchasing $ 77 million from 407,247 Sol. The acquisition was carried out at an average cost of $ 188.98 per code. This total balance of the company has paid 1,831,011 Sol, currently estimated at $ 371 million.

Funding from increasing modern stocks, the purchase represents a jump of 29 % of the previous center of the company of 1.42 million. Defi Dev Corp has confirmed that it still has more than $ 40 million in available revenues for future allocations. This indicates more possible acquisitions.

Most importantly, newly obtained symbols will be equipped with many auditors. This includes the internal infrastructure to generate the return and enhance the company’s integration within the Solana ecosystem.

Each post also highlights highlighting the accumulation scale. The company revealed the Sol-Per percentage of 0.0864, equivalent to $ 17.52 in current evaluation. Until the account of mitigating the last financing, the administration expects the number to remain higher than the previous foundation line.

This comes yet Defi Dev Corp has become the largest Public trading holder for Solana in July. This step was placed on a road to exceed one million symbols under management, which is a goal now that has now exceeded.

It should also be noted Three major companies revealed plans to raise one billion dollars To build what can become the largest Ministry of Treasury so far. It is said that Cantor Fitzgerald is the main banking of the deal.

Sol PRICE exceeds $ 217 on institutional adoption

In response to the news, the price of Sol more 4.28 % over the past 24 hours to 217.08 dollars. This comes despite the broader encryption market, which is witnessing a decrease of 0.12 %.

The assembly can also be attributed to Solana’s alpenglow. This update is designed to reduce block finals from 12.8 seconds to only 150 mm. It recently entered the voting of the governance via EPOCHS 840-842, after it had previously helped to pay Seoul to more than 200 dollars.

In the technical end, the SOL SOL price has regained simple moving medium for 7 days at 2015.56 dollars and exceeded the main axis level at 210.83 dollars. If Sol can maintain support above $ 220, analysts claim that it can reach the levels of the Fibonacci higher extension between $ 232 and $ 253.

In another treasury step, listed on the Nasdak Stock Exchange Mercury Fintech received $ 200 million Credit facilities from Solana Ventures to start its treasury accumulation program. This indicates the growth pattern in the business world. It also indicates an increased demand for the distinctive symbol.