Solana, after Bitcoin and Ethereum, is rapidly becoming a company favourite.

DeFi Development Corp. has bolstered its Solana holdings to over 2 million tokens. As Solana rallies past $200 and prepares for the Alpenglow upgrade, institutional interest is on the up too. 

DeFi Development Corp. just bought more Solana [SOL].

The firm now holds more than 2 million SOL (over $400 million at today’s prices), making it one of the biggest corporate backers of the token.

The timing can’t be a coincidence though. Especially since Solana has been on a double-digit rally over the past month, with traders eyeing gains as the long-awaited Alpenglow upgrade looms over the horizon.