Citadel founder Ken Griffin reveals he holds a 4.5% stake in Solana's treasury

According to Odaily Planet Daily, Citadel founder and CEO Ken Griffin has filed documents with the U.S. Securities and Exchange Commission (SEC), disclosing his personal holdings in DeFi Development Corp. (DFDV), a digital asset treasury company, of approximately 1.3 million shares, valued at approximately $600 million. DFDV primarily manages Solana (SOL) asset reserves and is currently the second-largest Solana treasury company.

Additionally, Citadel Advisors LLC and its affiliated entities hold approximately 800,000 shares of DFDV, representing a 2.7% stake in the company. This disclosure establishes Citadel as one of DFDV's major institutional investors and marks a further foray into the digital asset space for this traditional financial giant.

Documents show that DFDV purchased $117 million worth of SOL over an eight-day period earlier this month and currently holds approximately 2.19 million SOL tokens, valued at approximately $400 million. Analysts believe Griffin's move reflects that institutional investors are viewing crypto vaults as a new asset class, although their valuations are still significantly affected by crypto market volatility. (FINANCE FEEDS)