By Marco Piccolo Key highlights: DeFi Development Corp. purchased 407,247 SOL for $77 million, raising its total Solana holdings to 1.83 million tokens. The acquisition was funded by a recent equity raise, with over $40 million in proceeds remaining for future SOL purchases. Institutional momentum toward Solana grows, with Galaxy Digital and Pantera Capital planning […]
Tag: DFDV
By Marco Piccolo Key highlights: BIT Mining announces strategic expansion into the Solana ecosystem, marking a shift from its traditional Bitcoin-centric operations. The company plans to raise between $200 million and $300 million to build a substantial SOL treasury. BIT Mining will convert its existing crypto holdings into SOL and operate validator nodes to generate […]
By Marco Piccolo Key highlights: Crypto analysts CryptoBullet and Cipher X project bullish upside for SOL, targeting as high as $250 if key support levels hold. Publicly-traded companies with Solana treasuries are gaining attention, with Cantor Fitzgerald assigning “Overweight” ratings and bullish price targets. Despite recent price weakness, long-term growth narratives and institutional adoption continue […]