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DeFi Development slows Solana buys, holding 2.6M SOL amid higher preferred stock costs

Protocol Fundamentals
02 Nov 2026, 18:58 WIB
Crypto Briefing
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Bullish
DeFi Development slows Solana buys, holding 2.6M SOL amid higher preferred stock costs

DeFi Development Corp, listed on Nasdaq, has added 5,336 SOL tokens, bringing its total holdings to about 2.6 million SOL. The company has slowed its purchase pace from over 100,000 SOL weekly in September to smaller, more controlled increments, reflecting a strategic shift rather than a retreat. This change coincides with a rise in the dividend rate on its preferred stock to 14%, increasing the cost of capital. The firm continues to stake its SOL holdings to generate yield and measures shareholder value through SOL per share (SPS), aiming to grow exposure despite smaller weekly buys.

DeFi Development Corp's recent SOL token addition provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, 5 out of 50 rose while 44 fell as of Nov 02, 2026 23:03 WIB. Notable moves include SXP down 46.27% at Rp37, BAL up 11.14% at Rp16.297, and EOS up 8.13% at Rp12.649.

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