By Natalie Weger
DeFi Development shares surged after the corporate stated it purchased $2.72 million price of Solana cryptocurrency, which it says it has resumed accumulating.
Shares climbed 10% to $22.51 on Thursday. The inventory has been up 62% this month.
DeFi, which is the primary public firm with a treasury technique aiming to build up Solana belongings, stated it bought 17,760 of the cryptocurrency tokens at a median worth of $153.10 apiece.
The Boca Raton, Fla., firm stated it now holds a complete of 640,585 Solana and equivalents, valued at $98.1 million.
Write to Natalie Weger at natalie.weger@wsj.com
(END) Dow Jones Newswires
July 03, 2025 11:19 ET (15:19 GMT)
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