DeFi Development Shares Rise After $2.72 Million Solana Purchase

By Natalie WegerDeFi Development shares surged after the company said it bought $2.72 million worth of Solana cryptocurrency, which it says it has resumed accumulating.Shares climbed 10% to $22.51 on Thursday. The stock has been up 62% this month.DeFi, which is the first public company with a treasury strategy aiming to accumulate Solana assets, said it purchased 17,760 of the cryptocurrency tokens at an average price of $153.10 apiece.The Boca Raton, Fla., company said it now holds a total of 640,585 Solana and equivalents, valued at $98.1 million.Write to Natalie Weger at [email protected]