DeFi Development Expands Solana Treasury strategy
Institutional interest in alternative cryptocurrencies like Solana is on the rise. To capitalize on this momentum, DeFi Development Corp has announced an expansion of its Treasury Accelerator program.
The core idea is straightforward: invest in digital asset treasury funds (DATs) and funnel the profits into buying more Solana tokens (SOL).CEO Joseph Onorati stated,”Our Treasury Accelerator is designed to support promising dats globally and ultimately grow SOL holdings for our shareholders.”
DeFi Development Corp will allocate between $5 million to $75 million to each DAT via various financial instruments such as equity, convertible notes, or loans. Payment can be made in cash or SOL tokens.
A digital asset treasury refers to a cryptocurrency fund managing its investments entirely on the blockchain. As these funds succeed,DeFi Development Corp will convert some gains to cash and reinvest in Solana.
this approach creates a beneficial cycle. Increased Solana holdings enhance the SOL-per-share value, attracting investors, and providing more capital for further DAT investments.
