DeFi Development Shares Rise After $2.72 Million Solana Purchase

By Natalie Weger

  DeFi Development shares surged after the company said it bought $2.72 million worth of Solana cryptocurrency, which it says it has resumed accumulating. 

  Shares climbed 10% to $22.51 on Thursday. The stock has been up 62% this month. 

  DeFi, which is the first public company with a treasury strategy aiming to accumulate Solana assets, said it purchased 17,760 of the cryptocurrency tokens at an average price of $153.10 apiece. 

  The Boca Raton, Fla., company said it now holds a total 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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