Citadel CEO Kenneth Griffin Discloses 4.5% Stake in Solana Treasury Firm DeFi Development Corp
The post Citadel CEO Kenneth Griffin Discloses 4.5% Stake in Solana Treasury Firm DeFi Development Corp appeared on BitcoinEthereumNews.com.
Key Notes Griffin’s investment through Citadel entities totals 1.3M shares in the Solana-focused treasury company. DeFi Development Corp’s SOL holdings show 67% unrealized gains since April 2025 acquisition. Technical analysis indicates potential SOL breakout toward $260 if price sustains above $190 resistance. Kenneth Griffin, founder and CEO of Citadel, disclosed a 4.5% beneficial ownership stake in DeFi Development Corp, a Nasdaq-listed firm that adopted the Solana SOL $178.5 24h volatility: 6.0% Market cap: $97.75 B Vol. 24h: $7.56 B treasury reserve strategy in April 2025, according to a Schedule 13G filing with the SEC. The filing revealed Griffin’s indirect ownership through Citadel Advisors LLC and affiliated entities, totaling 1,315,654 shares, with another 4.5% stake owned directly by the fund through its subsidiaries. DeFi Development Corp’s business model focuses on acquiring and staking Solana tokens, a strategy designed to combine long-term capital appreciation with consistent staking yield. By locking in newly purchased SOL, the company not only secures a passive income stream but also contributes to network security and validator activity within the Solana blockchain ecosystem. Solana treasury holdings as of Oct. 22, 2025 | source: Coingecko According to CoinGecko data, DeFi Development Corp currently holds 2,195,926 SOL, representing approximately 0.402% of Solana’s circulating supply. The company acquired its Solana holdings at an estimated $236.5 million, which are now valued at approximately $395.3 million, reflecting a 67% unrealized gain. Solana price is trading at $179 at press time, up 370% since DeFi Corp began acquiring SOL in April 2025. Solana Price Analysis: Double Bottom Pattern Suggests Potential Breakout Toward $260 Solana price hovered near $179 on Wednesday, forming a classic double-bottom reversal pattern on the 12-hour chart that signals a potential bullish rebound. The pattern, marked by two local lows at the $175 and $170 level, indicates strong support just below…
