TechFlow news, August 13 — According to The Block, DeFi Development Corp (DDC) released a shareholder letter on Tuesday disclosing that the company currently holds over 1.3 million SOL tokens, with a total value approaching $250 million. The report indicates DDC added 4,500 SOL in just the first two weeks of August.
DDC's Q2 financial data shows quarterly revenue of $1.98 million, a 395% year-over-year increase; net profit reached $15.4 million compared to a loss of $800,000 during the same period last year. The company expects its validator and staking operations to generate a 10% annualized yield, translating to approximately $63,000 in daily revenue denominated in SOL based on current holdings.
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