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DeFi Dev Corp repurchased 65,305 SOL, part of which comes from institutional Lock-up Position trading.
Wu learned that DeFi Dev Corp announced the purchase of 65,305 SOL, approximately 9.9 million USD, as part of its encryption-oriented financial strategy. As of now, the company holds a total of 317,273 SOL, with a total market capitalization of about 48.2 million USD including staking rewards. Some of the tokens were acquired through BitGo's OTC trading platform from institutional sellers, with a time-lock mechanism in place.