The Nasdaq-listed company hoarding SOL remains on hold: Executives have started buying back shares.

[Crypto World] The Nasdaq-listed treasury company DeFi Development (ticker: DFDV), known for stockpiling Solana, just released its November report card. Interestingly, they didn’t add to their holdings this month—the amount of SOL held remains at 2.196 million, which is about $293 million at current prices.

Of those, 530,000 SOL are staked in their own liquid staking product dfdvSOL, which looks more like yield management rather than pure hoarding. Their Q3 unrealized gains have already soared past $74 million, with a portfolio return of 11.4%. That’s a pretty solid performance for this year’s crypto market.

What’s even more noteworthy is the management’s move: COO Parker White and Chief Strategy Officer Dan Kang have started buying back company shares on the secondary market. When executives put their own money on the line like this, it usually signals strong confidence in the company’s valuation and future prospects.