Citadel, led by CEO Ken Griffin, has acquired a 9% stake in DeFi Dev Corp, a prominent firm managing Solana treasuries. Since Citadel began accumulating shares, the value of SOL per share has surged by 375%. Currently, DeFi Dev Corp holds 20.31 million SOL, with 9 million staked at an average yield of 7.7%. This strategic investment by Citadel underscores the increasing institutional interest in Solana-based treasuries, reflecting confidence in the blockchain's potential and the growing appeal of decentralized finance solutions.
Citadel Acquires 9% Stake in DeFi Dev Corp, Enhancing Solana Exposure
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