Citadel CEO discloses massive stake in Solana treasury company
Citadel CEO Ken Griffin revealed a 4.5% stake in DeFi Development Corp., a company accumulating Solana.Summary
Ken Griffin, CEO of Citadel, disclosed via an SEC filing that he holds a 4.5% stake, or over 1.3 million shares, in DeFi Development Corp. (DFDV), a digital asset treasury company focused on accumulating Solana (SOL). Additionally, Citadel Advisors LLC and affiliates reported owning another 2.7% stake. This disclosure highlights increasing Wall Street engagement in digital assets. DeFi Development Corp. is the second-largest Solana treasury company, holding over 2.19 million SOL, though its holdings' value has recently dipped below $400 million. Analysts caution that the digital asset treasury sector faces risks from regulatory shifts and market pressures, potentially leading to consolidation, with Standard Chartered noting DFDV is already experiencing compressed valuations.
(Source：Cointelegraph)