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- DeFi Development Corp Expands SOL Holdings: Formerly known as Janover, DeFi Development Corp. purchased an additional $11.2 million worth of Solana (82,405 SOL tokens), immediately staking them to earn native yield and strengthen Solana’s network security.
- Strategic Validator Acquisition: The firm also acquired a Solana validator company for $3.5 million, gaining control of a validator network with a delegated stake of 500,000 SOL, aligning its strategy with Solana’s infrastructure to enhance cash flow and yield.
- Stock Surge Amid Solana Push: The company’s stock (DFDV) has surged over 1,700% in the last month following its crypto-focused treasury plan and name change, with shares closing at $72.74 on Tuesday.
DeFi Development Corp., the AI-powered real estate software firm formerly known as Janover, has just dropped another $11.2 million into Solana (SOL), snapping up 82,405 tokens at an average price of $135.58 each. This latest buy comes hot on the heels of Monday’s announcement that the company had acquired a Solana validator company for $3.5 million — a move aimed at further embedding itself into the Solana ecosystem.
Strategic Stackin’ and Stakin’ SOL
“SOL stackin’ saga continues!” the firm quipped in a post on X (the platform formerly known as Twitter). They’re not just buying SOL and sitting on it either. Every newly acquired token is being immediately staked on the firm’s validators, earning native yield while reinforcing Solana’s network security.
On Monday, the company disclosed it had bought a Solana validator company for $3.5 million — a deal structured as $3 million in restricted DFDV stock and $500,000 in cash. The validator network in question comes with a hefty 500,000 SOL in delegated stake, which the company now effectively controls.
“This isn’t just a new cash flow stream,” Parker White, CIO and COO, said in a statement. “It’s a strategic move to deepen our ties with Solana’s infrastructure while positioning ourselves to deliver risk-adjusted returns that outperform simply holding SOL.”
Stock Soars Amid Solana Push
The company’s stock, now trading under the ticker DFDV after the name change from JNVR, closed Tuesday up 1% at $72.74. That may not seem like much — until you realize the shares have skyrocketed by more than 1,700% over the past month. The surge began when DeFi Development Corp. launched its new digital assets treasury plan in April, setting its sights on accumulating crypto assets, starting with Solana.
Upexi’s Solana Treasury Strategy
Meanwhile, publicly traded Upexi also made waves this week with its own Solana-focused strategy. After raising $100 million, the firm announced plans to create a Solana corporate treasury, allocating over $90 million of those funds to acquire and operate Solana validators. The news sent Upexi’s shares soaring, more than quadrupling in value following the announcement.
Solana Price Update
As of Tuesday, Solana is trading around $146, down 0.5% over the past 24 hours. Despite the dip, it remains far above its January all-time low, though still about 50% off its peak of $293.31. The asset remains the sixth-largest cryptocurrency by market cap, with DeFi Development Corp. now holding over 400,000 SOL tokens valued at over $58 million.
