DFDV

Nasdaq-listed DeFi Development (#DFDV ) has purchased 172,670 units of #solana ’s token $SOL , bringing its total holdings to $105 million. This is the company’s largest purchase since the launch of its cryptocurrency reserve building strategy last month.
The company’s average purchase price was announced as $136.81, bringing the total value of the purchase to $23,600,000. The Florida-based tech firm holds a total of 595,988 SOL, which it said will be held for the long term and staked through various validators to generate returns.
The company’s shares rose 20 percent to $90 at market open on Monday. The price of SOL also rose more than 20 percent last week, reaching $180 for the first time since February.
DeFi Development, previously known as Janover, was taken over by a group of former Kraken executives last month and restructured to focus on the Solana blockchain. The company aims to not only invest but also generate staking revenues by running validators and raising $1 billion for SOL purchases.
DeFi Development increases crypto reserves to $105 million with 172,000 SOL purchases; the company is targeting a $1 billion SOL fund as its stock value increases by 20%.
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