Reported about 22 hours ago
The price of Solana (SOL) surged after DeFi Development Corporation announced the acquisition of 999,999 SOL tokens, highlighting a growing trend among companies to integrate digital assets into their balance sheets. In recent transactions valued at around $19 million, the corporation has adopted a similar strategy to that of other firms like MicroStrategy, which involved significant investments in cryptocurrencies. While this may drive stock prices up, skepticism persists about the sustainability of such trends, especially given SOL's unlimited supply compared to Bitcoin's capped total.
Source: YAHOO