DeFi Development Just Bought $218M in Solana, but SOL Plunges 4%

  • TL;DR DeFi Development (DFDV) acquired $218M worth of Solana (1.18M SOL) using equity credit lines, boosting its SOL-per-share metric by 12% amid a 4% price dip. DeFi Development raised $20M via new share issuance and will stake all new SOL across validators to generate compounding yields, utilizing