DFDV holds nearly a million Solana, and after transforming into a SOL reserve strategy company, its stock price has risen over 27 times.

SOL reserve strategy company DeFi Dev Corp. announced that it has raised $19 million through an equity credit line and purchased 141,383 SOL at an average price of $133.53. The company currently holds 999,999 SOL on its balance sheet. DFDV currently has 19,445,837 shares outstanding, equating to 0.0514 SOL per share. At a Solana price of $200, its NAV Premium is 2.29 times. DFDV's stock price has soared over 27 times since its transformation.

DFDV transforms into a SOL reserve strategy company.

DeFi Development Corp. (stock code DFDV), formerly known as Janover, is a company focused on commercial real estate financing. It officially entered the cryptocurrency market in early April and adopted a new financial strategy focusing on acquiring and staking Solana (SOL) tokens.

DeFi Development Corp. acquired a verification business platform holding about 500,000 SOL (approximately $5 million) for $3.5 million, paying through a combination of $3 million in restricted DFDV stock and $500,000 in cash. Its staking rewards will be integrated into the company's revenue streams, and all SOL owned by DeFi Development Corp. will be staked through the newly acquired verification business.

DeFi Development Corp. announced yesterday that it has raised $19 million through an equity credit line and purchased 141,383 SOL at an average price of $133.53. The company currently holds 999,999 SOL on its balance sheet, and SOL worth more than $192 million has been staked to accumulate compound interest.

DFDV currently has 19,445,837 shares outstanding, equating to 0.0514 SOL per share. At a Solana price of $200, its NAV Premium is 2.29 times.

Solana breaks $200, SOL reserve strategy companies continue to rise.

Solana broke $200 this morning, with a market capitalization exceeding $100 billion.

Recently, SOL reserve strategy companies have continued to emerge. E-commerce and SOL finance company Upexi recently planned to raise $200 million to expand its holdings to 1.65 million SOL. Mercurity Fintech signed a $200 million equity credit agreement with Solana Ventures Ltd. to launch the Solana treasury.

Cantor Fitzgerald analysts believe that Solana can provide fast, low-cost transactions, as well as the ability to validate transactions using tokens and earn staking rewards. This means that more Solana reserve strategy companies can follow the financial strategies of pioneers like MicroStrategy, which has a Bitcoin reserve strategy, to raise funds at a price above net asset value, purchase SOL, and increase the value per share of SOL. They specifically named three companies: DFDV, UPXI, and HODL.

(SOL reserve strategy companies outperform Bitcoin, Cantor names DFDV, UPXI, and HODL)

DFDV's stock price has soared over 27 times since its transformation.

This article discusses how DFDV holds nearly a million Solana, and after transforming into a SOL reserve strategy company, its stock price has risen over 27 times. It first appeared in Chain News ABMedia.