DeFi Development adds $11.2M in Solana to treasury

DeFi Development (DFDV) announced the purchase of approximately 82,404.50 Solana tokens. Following this transaction, DeFi Development Corporation now holds approximately 400,091 SOL, valued at $58.5M, including staking rewards. A portion of the Solana acquired includes locked SOL sourced via BitGo’s OTC desk, which facilitates purchases from institutional sellers subject to time-based unlock schedules. Any tokens acquired through this program will be held long-term and staked to generate native yield. Locked SOL refers to tokens held under contractual restrictions, typically from vesting schedules, bankruptcies, venture allocations, or project-specific lockups. These tokens cannot be transferred on-chain until their unlock period expires, but can still be bought and sold over-the-counter between qualified parties.