You Won’t Believe How Much Crypto This Company Just Hoarded—Find Out Why!

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If there’s ever been a company with the financial appetite of a prize-winning Labrador at a steak festival, it’s DeFi Development Corp. (Nasdaq: DFDV). In a move that probably startled their accountant, the folks at DFDV chomped down on 172,670 solana (SOL) tokens at an average price of $136.81—which, thanks to some high-level mathematics, comes out to a jaw-dropping $23.6 million. One can only hope they used a coupon.

This bold shopping spree marks their biggest crypto splurge yet, making it the tenth time they’ve shuffled their digital piggy bank under the not-even-slightly-catchy name “digital asset treasury strategy”—which I assume is Wall Street speak for “buy now, brag later.”

After the smoke cleared, DFDV was left with a grand total of 595,988 SOL—roughly $102.7 million’s worth if you include something called “staking rewards,” which, sadly, are not coupons for free breadsticks. As of May 12, 2025, they had racked up 2,037,531 shares outstanding, which I understand is a very large number and not at all useful when you explain it to your grandmother. That means each share now gives you 0.293 SOL, or about $50.42—enough for, say, half a tank of gas or three overpriced city coffees.

Naturally, these newly collected SOL aren’t just going to be left lying around gathering dust next to the office ficus. No, DFDV is planning to stash them away for the long term, staking them with various validators, including their own (because if you can’t trust yourself, who can you trust?), all in the noble quest for yield.

And for anyone clutching their pearls in suspense, they promise to keep the updates coming through public filings and press releases. Don’t touch that dial.

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2025-05-13 23:27