{"id":40575,"date":"2025-08-05T16:31:37","date_gmt":"2025-08-05T16:31:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40575"},"modified":"2025-08-05T16:31:37","modified_gmt":"2025-08-05T16:31:37","slug":"solana-institutional-interest-grows-as-defi-dev-corp-adds-110466-sol-to-treasury","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40575","title":{"rendered":"Solana Institutional Interest Grows As DeFi Dev Corp Adds 110,466 SOL To Treasury"},"content":{"rendered":"
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While Solana\u2019s price<\/a> has gained upside traction, many treasury companies are beginning to purchase the altcoin at a significant and rapid rate to boost their treasury holdings. One of the treasury companies that has showcased robust confidence in SOL and has gone on a buying spree is Defi Dev Corp.<\/p>\n

DeFi Dev Corp Doubles Down On Solana<\/h2>\n

Solana treasury<\/a> reserve is ramping up among big institutional firms alongside other notable cryptocurrency assets such as Bitcoin and Ethereum. In a daring move that highlights the growing institutional confidence in SOL, Defi Development Corp, a public firm, has acquired a huge chunk of the altcoin for its treasury reserve.<\/p>\n

Defi Development Corp\u2019s strategic purchase of SOL reflects a deepening institutional interest and commitment to the Solana ecosystem<\/a>. The strategic purchase by the treasury-focused firm shows that major companies may be getting ready for the next wave of blockchain usage.<\/p>\n

According<\/a> to the report from SolanaFloor, Defi Dev Corp recently purchased an additional 110,466 SOL, marking a considerable expansion of its holdings. During the time of purchase, these coins were valued at approximately $18.4 million at an average price of $166.<\/p>\n

Following the massive acquisition, the company\u2019s treasury reserve has reached a total of 1.29 million SOL, worth about $209 million. The latest acquisition comes just a week after the firm\u2019s last purchase of $20 million worth of SOL.<\/p>\n

New companies are beginning to show interest in owning a Solana treasury reserve as the network sees notable growth. SolanaFloor reported<\/a> that Artelo Biosciences Inc., a pharmaceutical company, is on the verge of launching its SOL treasury strategy.<\/p>\n

The platform noted that the pharmaceutical firm under Nasdaq recently raised $9.47 million through a private placement to launch its SOL treasury strategy. With the purchase, the company is now the first publicly traded pharma firm to adopt Solana<\/a> as a reserve asset.<\/p>\n

In the post, SolanaFloor highlighted that Bartosz Lipi\u0144ski, a lead investor and former Solana Labs employee, will provide guidance through CUBE, a crypto-based platform, which will manage DeFi execution, staking, and storage. \u201cArtelo joins a growing list of publicly traded companies adopting SOL for treasury management,\u201d the platform added.<\/p>\n

SOL Network Leads In On-Chain Revenue<\/h2>\n

These notable purchases of SOL<\/a> coincide with a rise in interest in Layer 1 scalability solutions and a revival of developer activity. The network is currently leading<\/a> in terms of revenue, as users and developers are steadily flocking in.<\/p>\n

According to SolanaFloor, SOL continues to lead all Layer 1s and Layer 2s in network revenue for 20 consecutive weeks, reflecting its growing dominance in the blockchain sector.<\/a> SOL\u2019s revenue metrics have surged past its competitors, including Tron, Ethereum, and Bitcoin.<\/p>\n

Data shows that SOL amassed $16.6 million in revenue in one week, particularly between July 28 and August 3. Tron<\/a> comes in second place with $14.05 million, and Ethereum in third place with $11.4 million in weekly revenue.<\/p>\n

\"Solana\"<\/div>\n","protected":false},"excerpt":{"rendered":"

While Solana\u2019s price has gained upside traction, many treasury companies are beginning to purchase the altcoin at a significant and rapid rate to boost their treasury holdings. One of the treasury companies that has showcased robust confidence in SOL and has gone on a buying spree is Defi Dev Corp. DeFi Dev Corp Doubles Down […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40575","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40575"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40575\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}