DeFi Development announced the launch of DFDV UK, the very first Solana public treasury vehicle in the UK. The move is part of the company’s strategy to expand Solana treasury vehicles across the global market.
Joseph Onorati, CEO of DeFi Development, declared in the official press release:
DFDV UK is a milestone: the first Solana treasury vehicle in the United Kingdom and a proof point for our global expansion strategy. This launch underscores our commitment to growing Solana per share (SPS) and to supporting the Solana ecosystem globally.
—Joseph Onorati, Official Press Release
DeFi Development made the news two days ago when it bought 407,247 $SOL for a total investment of $77M. This acquisition increased the company’s $SOL reserves to 1,831,011 worth $371M in value.
As Solana treasuries increase in number, hype is building for $SOL and its ecosystem. And traders are watching new low-cap coins on presale based on Solana that might explode. Coins like Snorter Token ($SNORT), which is building the fastest and cheapest Telegram trading bot on Solana.
Solana Sees Increased Institutional Support
DeFi Development isn’t the first to create a $SOL treasury, as Upexi leads in the charts with over 2M $SOL.
That being said, only five companies have $SOL treasuries right now,
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Author: Bogdan Patru
