The Giant Company Listed on Nasdaq Has Again Purchased a Large Amount of This Altcoin!

Janover, a real estate-focused fintech firm, has officially changed its name to DeFi Development Corporation and announced that as part of its growing cryptocurrency treasury strategy, it has purchased 11.5 million dollars worth of Solana (SOL).

According to a press release shared today, the company increased its total assets to 251,842 SOL by buying 88,164 SOL tokens, which are currently worth approximately $34.4 million, including staking rewards. The purchase was financed using proceeds from a $42 million funding round completed earlier this year.

With this last transaction, each share of DeFi Development Corp now represents 0.17 SOL, which means a 62% increase according to the latest crypto purchase. SOL tokens will be staked immediately, allowing the company to earn local yields while contributing to the security of its Solana network.

The company's board of directors approved a new treasury policy on April 4, allowing for long-term accumulation of crypto assets starting with Solana. As part of this strategy, DeFi Development Corp plans to operate one or more Solana validators that will enable it to stake assets, support network security, and reinvest staking rewards.