Defi Development Corporation Acquires $11.5M in Solana Tokens, Expanding Holdings to $34.4M

The publicly traded firm formerly known as Janover, DeFi Development Corporation (Nasdaq: JNVR), has announced the purchase of 88,164 solana ( SOL) tokens, valued at approximately $11.5 million, bringing its total holdings to 251,842 SOL, worth around $34.4 million, including staking rewards. As of April 22, 2025, the company reports a SOL per share (SPS) of 0.17, valued at $23.47 per share, reflecting a 62% growth since its last purchase. The newly acquired SOL will be staked immediately to generate yield and enhance the security of the Solana network. This transaction is part of the company’s strategy following a recently completed $42 million financing round and aligns with its treasury policy approved on April 4, 2025, which focuses on the long-term accumulation of crypto assets, starting with Solana. DeFi Development Corporation also plans to operate one or more Solana validators to further engage with the network and reinvest staking rewards.

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