DeFi Developers currently holds 1.3 million SOLs, with a total value of nearly $250 million

According to Golden Finance, DeFi Development Corp (DDC) released a shareholder letter on Tuesday, revealing that the company currently holds over 1.3 million SOL tokens with a total value of nearly $250 million. The report shows that the company increased its holdings of 4500 SOLs in just the first two weeks of August. DDC's Q2 financial data showed quarterly revenue of $1.98 million, a year-on-year increase of 395%; The net profit reached 15.4 million US dollars, a loss of 800000 US dollars compared to the same period last year. The company expects its validator and staking business to achieve an annualized yield of 10%, generating approximately $63000 in daily SOL valuation revenue based on current holdings.