The Price of the Giant Company Soared with the New Solana Acquisition and Meme Coin Partnership!

DeFi Development announced a validator partnership with the Solana-based meme coin BONK and completed the acquisition of 16,447 new SOL, resulting in a 30% increase in its shares.

DeFi Development Corp. (DFDV) reached record levels on Nasdaq with a 30% increase in its shares on Friday, May 16. This surge came after the company accelerated its Solana (SOL) focused strategy by announcing its validator partnership with the BONK community and purchasing 16,447 new SOL tokens.

Previously known as a real estate technology company, Janover has transformed into a Solana-focused crypto firm in recent months. With this transformation, the company joined the ranks of publicly traded companies adding crypto assets to their balance sheets. With the latest announcement, DFDV's total SOL holdings reached 609,190 tokens, valued at approximately $107 million.

BONK and Validator Partnership

DeFi Development announced that it will begin managing a new validator in partnership with one of the popular meme coins in the Solana ecosystem, BONK. This collaboration is recorded as the first example of a public company sharing staking infrastructure with a memecoin community. Validator revenues will be shared, and BONK's liquid staking token BONKSOL will also be included in the integration process.

Nom, a core participant of BONK, stated that this partnership serves to enhance BONK's community-focused mission and accelerate the adoption of Solana.

Shares Increased by 2,800%

Since the company turned its focus to Solana, DFDV shares have gained over 2,800% in value. The stock price reached $118 during Friday's session, indicating how strong investor interest is. The company's recent plan to raise $1 billion to acquire more SOL has also been brought to the forefront.