DeFi Development Shares Rise After $2.72 Million Solana Purchase

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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