Ken Griffin Reveals Stake in DeFi Development Corp.

According to PANews, Ken Griffin, the founder and CEO of Citadel, has disclosed that he holds approximately 4.5% of shares in DeFi Development Corp. (DFDV). Citadel Advisors and its affiliated entities collectively own about 2.7% of the company. DFDV is a digital asset fund management firm focused on increasing its holdings in Solana (SOL). Recently, the company acquired approximately $11.7 billion worth of SOL within eight days, bringing its total holdings to over 21,900 tokens at a cost of around $23.6 billion. This makes DFDV the second-largest holder of SOL, following Forward Industries, which holds 68,200 tokens. Analysts have cautioned that the Digital Asset Treasury (DAT) model faces risks related to regulation, liquidity, and valuation compression.