<ul data-eligibleForWebStory="false"><li>DeFi Dev Corp has increased its Solana holdings with a $23.7 million purchase, bringing their total holdings to 846,630 SOL worth over $133 million.</li><li>The purchase was partially funded through a recent $9.6 million convertible note offering, and the company aims to stack 1 million SOL, expressing long-term confidence in Solana's growth.</li><li>Institutional activity in the Solana space is on the rise, with companies like SOL Strategies and Upexi also building SOL treasuries. CME's Solana futures market has reached $4 billion in volume this week.</li><li>Despite the bullish accumulation, DeFi Dev Corp's stock opened the day down over 1%. Regulatory delays, such as the SEC's hold-up of Fidelity's proposed Solana ETF, have introduced caution in the narrative.</li></ul>

DeFi Dev Corp Ramps Up Solana Holdings with $23.7M Buy

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