Public companies have been buying a lot of Bitcoin of late. But now there is one who is purchasing Solana, too.
What’s happening:
- DeFi Technologies (CBOE: DEFI) has announced that they have purchased more Bitcoin to hold directly as an asset and have also purchased Solana for the very first time
By the numbers:
- DeFi Technologies purchased 12,775 Solana tokens
Why it matters:
- Publicly traded companies have been embracing Bitcoin ownership at a rapid pace, which may signal that other digital assets such as Solana will soon be adopted as assets at a broader scale as well
Going deeper:
- DeFi Technologies is a first mover in bringing decentralized finance projects and protocols to the traditional markets, having launched numerous Exchange Traded Products on the Nordic Growth Market focused on leading crypto projects such as Solana and even Telegram’s TON token
- DeFi Technologies also previously launched the world’s first ever Bitcoin Exchange Traded Product that generates a yield
