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DeFi Development Corp Reports $66.6M Profit Largely From Solana Treasury Holdings
(3 hours ago) · 1 source · Summarized by CryptoBipto
DeFi Development Corp, a firm that holds Solana as a treasury asset, reported $66.6 million in profit for Q3 despite generating minimal traditional revenue. The profit was primarily driven by unrealized gains from its Solana holdings rather than operational business activity.
WHY IT MATTERS
Some publicly traded companies have started holding cryptocurrency instead of traditional assets like cash or bonds in their corporate treasuries.
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SOURCES
- beincrypto.com
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