In the latest development, DeFi Technologies, a cryptocurrency investing platform, has created a new company called SolFi which is designed to be a “Microstrategy for Solana”. SolFi is a spin-off of DeFi Technologies focused entirely on providing investors with direct exposure to the Solana blockchain ecosystem through proprietary trading, validator node operations, and ecosystem investments. Notably, SolFi will compete with existing SOL staking platforms and aims to differentiate itself by earning higher yields on staked SOL than peers. Notably, Shares of Microstrategy are up more than 2000% since 2020 after the company went all in on a BTC buying strategy.
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