According to Techub News and The Block, DeFi Development Corp (DDC) has released a shareholder letter revealing that the company currently holds more than 1.3 million SOL, with a total value of nearly $250 million. The report shows that the company increased its holdings by 4,500 SOL in just the first two weeks of August. DDC's financial data for the second quarter indicates that quarterly revenue was $1.98 million, a year-on-year rise of 395%; net profit reached $15.4 million, compared to a loss of $800,000 in the same period last year. The company expects its validator and staking business to achieve an Annual Percentage Rate of 10%, which, based on the current holdings, would generate approximately $63,000 in SOL-denominated income daily.

DEFI-6.32%
SOL-5.79%
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