The price of solona (SOL-USD) soared Monday as a Florida real estate data company announced that it had acquired nearly 1 million units of the world’s sixth-largest cryptocurrency, yet another sign that a strategy of adding digital assets to corporate balance sheets is proliferating.
Nasdaq-listed DeFi Development Corporation (DFDV), based in Boca Raton, Fla., said it now now holds 999,999 units of SOL, the token used to power the Solana blockchain.
Between July 14 and July 20, it acquired 141,383 of SOL, roughly $19 million worth, at an average price of $133.53.
The company also said it raised approximately $19.2 million in net proceeds through an equity line of credit facility by issuing 740,000 shares of common stock, according to a Monday press release.
DeFi Development Corporation’s stock fell more than 3% by market close Monday. The stock is still 34 times…
