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DeFi Development Buys $16M SOL at $111, But Stock Value Per Share Drops 25%
Yahoo Finance·2025-10-17 16:40

DeFi Development Corp. purchased 86,307 SOL for approximately 16millionatanaveragepriceof16 million at an average price of 110.91, increasing its treasury by 4.7% to 2,195,926 SOL worth 426million.However,theNasdaqlistedfirmsSOLpersharemetricdroppedto426 million. However, the Nasdaq-listed firm’s SOL per share metric dropped to 14.67 from $19.44 recorded in September, a 25% decline despite the accumulation. The company reported 28,888,178 shares outstanding, although the figure includes 2,803,058 pre-funded warrants that have already been exercised, with 2,978,578 warrants remaining. Inclu ...