CoinVoice has learned that, according to The Block, DeFi Development Corp (DDC) released a shareholder letter on Tuesday, disclosing that the company currently holds over 1.3 million SOL tokens, with a total value approaching $250 million. The report shows that the company increased its holdings by 4,500 SOL in just the first two weeks of August.



DDC's second quarter financial data shows that the quarterly revenue is 1.98 million USD, a year-on-year increase of 395%; net profit reached 15.4 million USD, compared to a loss of 800,000 USD in the same period last year. The company expects its validator and staking business to achieve an annualized return of 10%, which, based on the current amount of coins held, will generate approximately 63,000 USD in SOL denominated income daily.
DEFI-7.03%
SOL0.68%
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